[Real Estate] Steady Rise: All 20 Districts of Seoul Break Record Highs

*This content was translated by AI.

Seoul and the capital region rose by 0.2%.

According to data from Busanjeok 114, national apartment transaction prices rose by 0.18 percent in the third week of July.

Seoul rose by 0.18%, Gyeonggi and Incheon each increased by 0.23%, lifting the entire metropolitan area by 0.20%. Outside the capital region, the five major metropolitan cities recorded a 0.09% increase, while other local areas saw a 0.06% rise. Based on all 17 provinces and cities nationwide, 14 areas posted gains, two remained flat, and one declined, with rising regions prevailing. The national monthly volatility for June stood at 0.57%, marking an expansion in the rate of increase for the second consecutive month (the 0.49% → the 0.53% → the 0.57%).

Over the same period, national apartment jeonse prices rose by 0.14%. Seoul increased by 0.16%, Gyeonggi and Incheon each rose by 0.17%, and the capital region climbed by 0.17%. The five major metropolitan cities and other local areas saw increases of 0.03% and 0.06%, respectively. Based on the 17th provinces and cities nationwide, 15 regions recorded gains, one remained flat, and one declined, indicating a strong upward trend. Regionally, Gyeonggi showed the largest increase at 0.20%.

According to data from Busanjeok114, among Seoul's 25 districts, prices in 20 districts — excluding Gangbuk, Geumcheon, Dobong, Jungnang, and Nowon — have surpassed their all-time highs recorded between 2021 and 2022. Among these, the districts that broke through their peak prices this year include Gangseo, Eunpyeong, Seongbuk, Gwanak, and Guro. This is attributed to the concentration of homebuyers in mid-to-low-priced areas where financing has been relatively easier due to the government's stringent loan regulations. The remaining five districts — Gangbuk, Geumcheon, Dobong, Jungnang, and Nowon — which have yet to exceed their all-time highs, are expected to continue seeing inflows of actual demand due to their relative price attractiveness.

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*This content was translated by AI.