Seoul Apartments: Proportion of Rising Transactions Surpasses Declining Transactions

Rising Trades Account for 46.1%, Exceeding 39.5% of Falling Trades
Significant Increase in Trades Leads in Gyeonggi and Sejong Compared to Sharp Declines

Last month, the number of rising apartment transactions in Seoul surpassed falling transactions for the first time in a year. Nationwide, the proportion of falling apartment transactions also dropped to its lowest level in a year, indicating an overall trend of increasing rising transactions and decreasing falling transactions.

[Image source=Yonhap News]

On the 24th, real estate platform Zigbang compared the price differences between consecutive transactions of the same apartment complex and the same area. The results showed that last month, the proportion of rising transactions in Seoul was 46.1%, higher than the proportion of falling transactions at 39.51%. This marks the first time in a year, since April last year, that rising transactions have outpaced falling transactions.

The proportion of falling apartment transactions in Seoul surged to 68.98% in October last year but dropped to 47.1% in February this year following the government's real estate regulation easing policies. In April, it further decreased to 37.64%, falling below 40% for the first time.

The volume of sharply falling transactions (price drops of 5% or more) in Seoul decreased by 121, from 563 cases in March to 442 cases in April. Sharply rising transactions (price increases of 5% or more) numbered 478, exceeding sharply falling transactions. This is the first time in 11 months since May last year, when sharply rising transactions were 290 and sharply falling transactions were 284.

Outside Seoul, in Sejong City and Gyeonggi Province, sharply rising transactions also outnumbered sharply falling transactions.

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