National Jeonse and Monthly Rent Transactions Reach 224,177 Cases... 29% Increase Compared to Previous Month

Monthly Nationwide Jeonse and Wolse Transaction Volume (Data from Ministry of Land, Infrastructure and Transport)

[Asia Economy Reporter Moon Jiwon] Last month, the total number of nationwide jeonse and wolse transactions reached 224,177, marking a 29.1% increase compared to the previous month (173,579 transactions). This also represents a 19.8% increase compared to the same month last year (187,140 transactions) and a 35.9% increase compared to the five-year average (165,011 transactions).

According to the Ministry of Land, Infrastructure and Transport on the 19th, the proportion of monthly rent (wolse) transactions among nationwide jeonse and wolse transactions last month was 40.4%, which is a 0.9 percentage point decrease compared to the same month last year (41.3%), but a 2.1 percentage point increase compared to the previous month (38.3%).

By region, the number of transactions in the Seoul metropolitan area (149,501 transactions) increased by 31.2% compared to the previous month and by 25.4% compared to the same month last year. Transactions in other regions (74,676 transactions) increased by 25.2% compared to the previous month and by 9.9% compared to the same month last year.

Apartment transactions (110,767 transactions) increased by 29.3% compared to the previous month and by 25.5% compared to the same month last year, while non-apartment transactions (113,410 transactions) increased by 29.0% compared to the previous month and by 14.7% compared to the same month last year.

By lease type, jeonse transactions (133,641 transactions) increased by 24.8% compared to the previous month and by 21.6% compared to the same month last year. Wolse transactions (90,536 transactions) increased by 36.2% compared to the previous month and by 17.2% compared to the same month last year.

Detailed data on housing sales transactions and actual jeonse and wolse transaction prices can be found on the Korea Real Estate Board’s Real Estate Statistics System or the Ministry of Land, Infrastructure and Transport’s Real Transaction Price Disclosure website.

This content was produced with the assistance of AI translation services.