*This content was translated by AI.
The real estate graph continues to record a steady upward trend without stopping.
According to data from Real Estate 114, apartment transaction prices nationwide rose by 0.16% in the fourth week of August. Seoul increased by 0.16%, while Gyeonggi and Incheon jumped by 0.23%, pushing the capital region up by 0.19%.
Outside the capital region, the five major metropolitan cities rose by 0.04%, and other local areas recorded a 0.03% increase. Based on all 17 provinces and cities nationwide, 15 regions saw price increases, two remained flat, and no area experienced a decline. Regionally, Gyeonggi (0.26%), Seoul (0.16%), and Incheon (0.08%) posted gains.
In the final week of August, apartment rental prices nationwide rose by 0.11%. Seoul increased by 0.11%, and Gyeonggi and Incheon rose by 0.15%, leading to a 0.13% upward adjustment for the capital region. The five major metropolitan cities and other local areas each rose by 0.06% and 0.04%, respectively. Nationwide, 16 regions saw increases and one remained flat, indicating an overall upward trend. Notably, Gyeonggi Province recorded a monthly increase of 0.98%, approaching the 1st% threshold and intensifying upward pressure on rental prices.
With various government real estate measures—including tax reform, supply-side policies, and financial regulations—being announced throughout August, significant confusion has emerged in the market.
Meanwhile, cumulative apartment transaction prices in Seoul rose by 6.37% from January to August this year. Areas densely populated with mid- to low-priced apartments, such as Dobong, Dongdaemun, Seongbuk, Gwanak, Gangbuk, Gangseo, and Nowon, saw increases exceeding 10%. This marks the first time since the Roh Moo-hyun and Moon Jae-in administrations that all regions in Seoul have experienced price growth.
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*This content was translated by AI.
