Nationwide Apartment Buying Sentiment Recovers... Seoul Sales and Jeonse Prices Rise Further

KB Real Estate LiveOn Weekly Housing Market Trends
Seoul Sales Growth Rate 0.27%→0.37%
Nationwide Apartment Buyer Dominance Index Exceeds 100

Apartments in Gangbuk viewed from Namsan (Photo by Yonhap News)

[Asia Economy Reporter Moon Jiwon] Apartment buying sentiment is gradually recovering nationwide.

According to the weekly housing market trend data released by KB Real Estate Live On on the 10th, as of the 7th, the apartment sale price in Seoul rose by 0.37%, expanding the increase compared to the previous week (0.27%).

Jongno-gu (0.84%), Nowon-gu (0.59%), Eunpyeong-gu (0.55%), Gangbuk-gu (0.53%), and Jungnang-gu (0.52%) showed relatively high growth rates.

The Seoul buyer dominance index recorded 103.8, up from 100.4 last week. The buyer dominance index ranges from 0 to 200, and exceeding 100 means there are more buyers than sellers.

KB Real Estate Live On explained, "Buying inquiries for (Seoul apartments) are gradually increasing, and selling inquiries are slowing down again, showing a recovery in buying sentiment."

Outside Seoul, apartment sale prices in Gyeonggi-do and other provinces also continue to show strength.

Apartment sale prices in Gyeonggi-do rose 0.44% this week, expanding the increase compared to the previous week (0.41%). In Paju, a non-regulated area in the metropolitan area experiencing a 'balloon effect,' apartment sale prices surged 1.39%.

Since Gimpo was designated as a regulated area last month, apartment sale prices in Goyang Ilsanseo-gu (1.36%) and Goyang Ilsandong-gu (1.29%), where buying demand is also concentrated, have risen significantly, and Uijeongbu (0.93%) and Uiwang (0.63%) also showed relatively high growth rates.

In the provinces, areas that avoided designation as regulated zones such as Gangseo-gu, Busan (2.77%), Geumjeong-gu, Busan (1.05%), and Dalseo-gu, Daegu (1.03%) showed high growth rates above 1%.

The nationwide apartment buyer dominance index recorded 100.9 this week, surpassing the baseline of 100 for the first time since statistics began in July 2003. The metropolitan area buyer dominance index also increased to 102.0 from 98.9 last week.

Seoul apartment jeonse prices rose 0.49% this week, expanding the increase compared to the previous week (0.45%). Jongno-gu (1.58%), Songpa-gu (0.96%), Dongdaemun-gu (0.87%), Dobong-gu (0.71%), and Gangnam-gu (0.71%) showed high growth rates.

Gyeonggi-do rose 0.34% compared to the previous week, but the increase narrowed compared to the previous week (0.42%). Jeonse prices rose significantly in Goyang Ilsandong-gu (0.93%), Yongin Suji-gu (0.8%), Namyangju (0.73%), Osan (0.7%), and Gwangju (0.60%).

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