Seoul jeonse price has risen by the previous five years in five months of the new lease law

It was found that the median rent for apartments in Seoul jumped close to 100 million won in five months after the new lease law was implemented.

This is equivalent to the total price raised in about five years just before the enforcement of the law.

After the new law was enforced to protect tenants, the price of jeonse soared, which deepened the distress of tenants seeking a new jeonse house.

◇ The total set price increased by 100 million won in 5 months after the enforcement of the law… It’s equivalent to the increase of the previous 5 years

According to the monthly KB housing price trend data from KB Kookmin Bank’s Real Estate Liveon on the 6th, the median total apartment price in Seoul last month was 566.72 million won, 5.2% (27.2 million won) than the previous month (53.09 million won). It was investigated as an increase.

The median price is the price that is in the middle when housing prices are lined up in order, and is also called’median price’ and’median price’.

The median rent for apartments in Seoul rose 97.7 million won in five months from 469.3 million won in July last year, just before the enforcement of the new lease law, to 56702 million won last month.

After the new lease law was implemented, the increase in the last five months has reached 100 million won.

This increase is equivalent to the increase of about 5 years immediately before the law was implemented.

The median rent for apartments in Seoul, which was 372.1 million won in November 2015, rose 9722 million won in four years and eight months until July of last year (469.3 million won).

The pace of increase in the median jeonse price has increased remarkably since the introduction of the new lease method last year.

The median rent for apartments in Seoul was 34.7 million won in September 2014, exceeding 300 million won for the first time, and then surpassed 350 million won in August 2015 (3592 million won), and October 2016 (42.2 million won). It exceeded 400 million won.

The period of increase in increments of 50 million won increased from 11 months to 1 year and 2 months, and after that, it took 3 years and 5 months until March this year (45.61 million won), which exceeded 450 million won, and the rate of increase in the total price was slow. It was a trend.

However, it took only 7 months to reach 500 million won from 450 million won, exceeding 500 million won in October (5804 million won).

It is interpreted that the rent for rent has sharply decreased as the number of tenants sitting down on existing houses for two more years using the right to apply for contract renewal since the second lease law came into effect at the end of July last year, and as landlords tried to raise the deposit for four years at once.

◇ Songpa, Geumcheon, Eunpyeong-gu, 20% higher in total price… Gangnam 85㎡ average price approaching 1 billion won

The total price of apartments in Seoul has increased by an average of 95,000 won per square meter in the last five months. This is an average of 295,000 won per 3.3㎡ (1 pyeong).

KB Liveon statistics do not provide median and average jeonse prices for each autonomous district in Seoul, but only the average price per square meter of distinction.

For this reason, it is necessary to look at the price per square meter in order to check the trend of the differentiated total price.

If the average rental price per m2 is applied to an 85.3m2 apartment with an exclusive area a little larger than the size of the national housing, it will reach 56702 million won, which is the same level as the median rental price.

Based on the exclusive 85.3m2 apartment, Songpa-gu rose 21.2% (12.22 million won) in 5 months, showing the highest increase rate.

Following this, Geumcheon-gu rose by more than 20% to 20.6% (68.12 million won) and Eunpyeong-gu (20.4% (74.5 million won)). 17.7% (53.84 million won), Gwangjin-gu 17.2% (93.84 million won), Gangseo-gu 17.0% (72.4 million won), Dongdaemun-gu 17.0% (73.53 million won), Gangnam-gu 15.8% (13.176 million won) The back rose above the Seoul average (15.8%).

As such, it is confirmed that the recent rental price jumped significantly regardless of region and price range, such as Gangnam, Gangbuk, high and mid-low prices.

Yongsan-gu, the area with the least increase in the rent for five months, rose 10.6% (53.35 million won). This was followed by Yeongdeungpo-gu (10.9%, 55.56 million won), Jongno-gu (11.2%, 53.33 million won), and Jungnang-gu (11.8%, 44.05 million won). Even the region with the lowest rate of increase rose more than 10%.

As of last month, Gangnam-gu was the most expensive area for rent, and it took an average of 966.12 million won to get an 85.3m2 apartment. Seocho-gu was followed by 86241 million won.

To get the same flat apartment in Songpa-gu by charter, it cost 687.76 million won, 644,782 million won in Seongdong-gu, 644.47 million won in Gwangjin-gu, 622704 million won in Jung-gu, and 600 million won in Mapo-gu. 21.2 million won, and Yongsan-gu cost 68.2 million won.

The area with the cheapest rental price was Dobong-gu, which required an average of 368.2 million won for an 85.3m2 apartment. Four districts, including Nowon-gu (38669 million won), Geumcheon-gu (392.59 million won), and Jungnang-gu (38.69 million won), were less than 400 million won.

Amid the scarcity of jeonse, jeonse prices have been rising since the beginning of this year.

The rent for apartments with national housing scales in Jungnang, Geumcheon, and Nowon-gu has also risen to below 400 million won last month, making it more difficult to find a chartered apartment under 400 million won in Seoul.

Last month, the KB charter supply index in Seoul was 187.4. It was lower than the previous record (192.3), but there was still a lot of concern about supply shortage.

This index is expressed as a number between 0 and 200, and when it exceeds 100, it means that the proportion of’short supply’ is higher.

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