[Real Estate] Seoul Real Estate Maintains Stable Trend

*This content was translated by AI.

Seoul apartment prices have been observed to maintain a steady stable trend.

According to data from Real Estate 114, the national apartment transaction prices rose by 0.14% in the last week of May, with Seoul recording a 0.18% increase. Gyeonggi and Incheon rose by 0.16%, bringing the metropolitan area to a 0.17% increase.

In contrast, large metropolitan areas far from the capital region recorded a 0.04% increase, while other local areas recorded a 0.03% increase. Based on the 17th provinces and cities nationwide, 11 areas saw increases, 1 remained flat, and 5 declined, with rising areas being dominant. By region, the order of increase was Gyeonggi (0.19%), Seoul (0.18%), Jeonbuk (0.12%), Chungbuk (0.09%), and Ulsan (0.08%).

National apartment rental prices rose by 0.18%. Seoul increased by 0.27%, and Gyeonggi and Incheon were also adjusted upward by 0.18%. The five major metropolitan areas and other local areas rose by 0.06% and 0.04%, respectively. Based on the 17th provinces and cities nationwide, 16 areas saw increases and 1 declined, highlighting an upward trend.

Meanwhile, according to Real Estate 114, the average sales price per 3.3 square meters for private apartment sales in Seoul from January to May this year was 64.02 million won, an increase of 2.06 million won compared to 61.96 million won in the second half of last year (June to December 2025).

Real estate official A stated, "As the number of Seoul apartment rental and lease listings has decreased by about 30% compared to two years ago, pressure on rising prices in the rental market is also increasing."

Real estate business operator B stated, "If property taxes are strengthened following the real estate tax reform in July, there is a high possibility that the increased tax burden on landlords will be passed on to tenants as an increase in housing costs."

Meanwhile, there are also forecasts that the upward trend in rental and lease prices could strengthen the downward rigidity of apartment prices, thereby increasing concerns about transaction price instability.

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*This content was translated by AI.