Average Official Price of Individual Houses in Gyeongbuk Rises 2.54% ... Ulleungdo Highest at 8.53%

[Asia Economy Yeongnam Reporting Headquarters, Reporter Park Dong-wook] Gyeongsangbuk-do announced the individual housing prices for approximately 457,000 houses as of January 1 this year on the 29th.

The individual housing prices in Gyeongbuk increased by 2.54% compared to the average in the province last year, which is significantly lower than the national average increase rate of 4.33%. The increase rate in the Daegu area is 5.76%.

By region, the official price increase rates in 18 cities and counties including Ulleung (8.53%), Goryeong (4.61%), Seongju (4.12%), Gyeongsan (3.82%), and Cheongsong (3.81%) were higher than the overall average of Gyeongbuk. Five cities and counties including Gumi (0.03%), Gimcheon (0.83%), and Pohang (1.91%) were lower than the average.

The significant increase in official prices in Ulleung-gun is analyzed to be due to increased investment demand following the full opening of the Iljudoro road and the re-promotion of airport development. In Gumi, housing prices fell due to reduced housing demand caused by economic recession and population decline.

The house with the highest price is a detached house located in Yeonam-dong, Buk-gu, Pohang City, priced at 1.123 billion KRW. The lowest priced house is a detached house in Jisori, Andeok-myeon, Cheongsong-gun, priced at 1.17 million KRW.

Individual housing official prices can be viewed until the 29th of next month on the Real Estate Official Price Notification website and at the civil service offices or websites of the cities and counties where the houses are located. If an objection form is submitted, a re-investigation by the city/county and appraisers, and a review by the city/county real estate price notification committee will be conducted, with the final adjustment and announcement on June 26.

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