Chungnam, Individual House Prices Up 2.26%... Lowest Increase Rate Nationwide

[Asia Economy (Hongseong) Reporter Jeong Il-woong] The individual housing price increase rate in Chungnam region recorded 2.26%, which is the lowest increase rate nationwide.

Chungnam Province announced on the 29th that it will determine and publicly announce the individual housing prices for 261,206 houses in the jurisdiction as of January 1 this year, by city and county.

The average price of individual houses in Chungnam this year increased by 2.26% compared to the previous year, but it was 4.30 percentage points lower than the national average increase rate of 6.56%.

By city and county, Seosan-si had the highest increase rate at 3.58%, followed by Gongju-si at 3.09%, Seocheon-gun at 3.04%, Boryeong-si at 2.99%, and Taean-gun at 2.64%. Conversely, the lowest increase rate was recorded in Cheonan-si Seobuk-gu and Dangjin-si at 1.50%.

The single house with the highest publicly announced price is located in Sinbu-dong, Dongnam-gu, Cheonan-si, with a public price of 1,169 million KRW, and the lowest publicly announced house price is 978,000 KRW for a house located in Gonam-myeon, Taean-gun.

The publicly announced individual housing prices can be viewed on the Ministry of Land, Infrastructure and Transport's Real Estate Public Price Informer service or on the websites of the 15 cities and counties in Chungnam.

Individual house owners or legal stakeholders who have objections to the announced prices can submit a written objection form to the city or county office with jurisdiction over the house location by the 30th of next month.

The province will re-evaluate the appropriateness of the determined prices for individual houses with received objections. Additionally, after verification by the Korea Real Estate Board and deliberation by the city and county real estate public price committees, adjustments and announcements are planned for June 24.

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