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Gangbuk rise rate, bigger than Gangnam
Seoul 10.7%↑ Sejong 44.97%↑
Jeonse rise also peaked in 9 years
[천지일보=유영선 기자] A survey found that this year’s national house price rose 8.35% to the highest in 14 years. Strong house price stabilization measures were announced one after another this year, but rather, it caused a balloon effect and raised the price of houses nationwide. The jeonse price rose 6.54%, the largest increase in nine years.
According to the monthly KB housing market trend released by KB Real Estate on the 27th, in December, the nationwide home sales price rose 1.36% compared to last month. Compared to the end of last year, it was up 8.35%. It is the highest rate of increase in 14 years since the increase of 11.60% in 2006 during the Roh Moo-hyun administration.
This year’s house price has fluctuated from 0.14 to 0.48% in January to June, nearly doubled to 0.88% in July, maintained at 0.78% and 0.80% in August to September, and slightly decreased to 0.67% in October. However, since then, it has continued to climb at 1.43% in November and 1.36% in December.
By housing type, apartment prices rose 9.65% compared to the end of last year, singles rose 3.87%, and coalitions rose 6.47%. Apartments and singles rose the highest in 14 years, and alliances in 12 years.
House prices in Seoul rose 10.70% this year. The rate of increase in house prices in the Gangbuk region (14 districts) was 11.13%, higher than that of the Gangnam region (11 districts, 10.28%).
Apartment prices in Seoul rose 13.06% to the highest in two years since 2018 (13.56%). The single and alliances rose by 6.81% and 8.18%, respectively, the most since 2007 (7.08%·8.87%).
In this year, the country where house prices jumped the most was Sejong City, where the capital was relocated, and the rate of increase in apartment prices reached 44.97%, and the rate of increase in rented rent recorded 27.61%.
House prices in Seoul and the metropolitan area rose 10.57%, respectively, while Gyeonggi-do rose 11.58% and Incheon 6.72%, respectively. The increase rate of metropolitan cities and provinces was in the order of Sejong (36.02%), Daejeon (12.01%), Gyeonggi (11.58%), Daegu (9.35%), Ulsan (7.50%), and Busan (6.85%). Sejong City, where the capital was relocated this year, rose 44.97% in terms of the rate of increase based on apartment prices, recording the nation’s highest rate of increase. Sejong’s apartment rental price increase rate also reached 27.61%.
The nationwide housing jeonse price rose 6.54%, the largest increase in nine years.
This is the largest increase in 9 years since 2011 (12.30%). This year, the nationwide jeonse price increased by 0.06 to 0.27% until the first half of the year, but increased to 0.44% in July and 0.52% in August when the new lease law was introduced.
Following 0.87% and 0.83% from September to October, it recorded the highest increase this year at 1.68% last month, and continued the 1% increase this month at 1.10%. By type, apartment rental prices increased by 7.52% compared to the end of last year, alone by 2.96%, and coalition by 5.61%.
Apartments and alliances rose to the highest in 9 years after 2011 (16.21% and 7.89%), respectively, and singles rose to the highest in 4 years since 2015 (3.69%). Seoul’s rental price rose 10.15%. The Gangnam region (10.97%) had a larger slope than the Gangbuk region (9.30%). The rent for apartments in Seoul rose 12.25%. The total price of housing in Seoul and other metropolitan areas rose 8.73%.
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