[Real Estate] Nationwide Apartment Weekly Prices Rise 0.22%

*This content was translated by AI.

The nationwide average apartment price increase trend is outpacing the rise in Seoul apartment prices.

According to data from Real Estate 114, national apartment transaction prices rose by 0.22% during the second week of September. Seoul increased by 0.19%, while Gyeonggi and Incheon jumped by 0.35%, pushing the capital region up by 0.26%. Outside the capital region, the five major metropolitan cities recorded a 0.06% rise, and other local areas saw a 0.02% increase. Based on all 17 provinces and cities nationwide, 11 regions experienced price increases while six saw declines, with rising areas prevailing. By region, prices rose in the following order: Gyeonggi (0.40%), Jeonbuk (0.21%), Seoul (0.19%), Daejeon (0.15%), and Gyeongnam (0.13%).

During the second week of September, national apartment rental prices also rose by 0.10%. Seoul increased by 0.15%, and Gyeonggi and Incheon rose by 0.12%, leading to a capital region adjustment upward of 0.13%. The five major metropolitan cities and other local areas each saw increases of 0.04% and 0.01%, respectively. Nationwide, based on all 17 provinces and cities, 14 regions experienced price increases, one remained flat, and two declined, with more areas showing rises than falls.

The cumulative change rate of rental prices for capital region apartments was found to have risen by an average of 8.73%. By region, Seoul increased by 9.66%, Gyeonggi by 8.74%, and Incheon by 3.29%. In Seoul, all 25 districts saw price increases, with Gangdong-gu recording the largest rise at 19.00%.

Multiple real estate experts who spoke to this newspaper by phone stated, "The upward trend in real estate prices continues to persist. It appears once again that real estate trends cannot be controlled through policy. The Roh Moo-hyun, Moon Jae-in, and Lee Jae-myung administrations all failed in their attempts to control the autonomy of the real estate market."

<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>

*This content was translated by AI.