[Real Estate] Seoul real estate follows a stable trend

*This content was translated by AI.

Seoul Real Estate, the barometer of the future of real estate in the Republic of Korea, is maintaining stability with a stable trend.

According to Real Estate R114 data, apartment transaction prices nationwide rose by 0.22% in the fourth week of April.

Seoul rose by only 0.17%. Gyeonggi and Incheon rose by 0.29%, lifting the metropolitan area by 0.22%. Non-metropolitan areas rose by 0.21% in the five major metropolitan cities and by 0.14% in other local areas. All 17 provinces and cities nationwide saw increases, with no regions showing flat or declining trends. By region, the order was Gyeonggi (0.32%), Jeonbuk (0.30%), Ulsan (0.26%), Busan (0.24%), and Daejeon (0.23%).

Nationwide apartment rental prices rose by 0.08%. Seoul rose by 0.1%, Gyeonggi and Incheon by 0.08%, and the metropolitan area by 0.09%. By region, the order of increase was Jeju (0.11%), Seoul (0.10%), Gyeonggi (0.09%), Busan (0.09%), and Gwangju (0.09%).

The transaction market is maintaining stability due to various regulatory measures by the current administration. In contrast, the rental market continues its steady upward trend. The upward trend in rental prices is expected to continue not only this year but also next year.

Multiple real estate officials stated, "Transactions tend to lag behind rental market movements. When rental prices rise, they can act as a factor pushing up transaction prices."

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*This content was translated by AI.