Seoul’s house prices are wriggling again. This is the effect that the worsening jeonse crisis boosted the house price. Although the government poured out all kinds of regulations such as the Second Lease Act and the strengthening of the ownership tax, the national house price rose 6.7% this year (as of the 21st of this month).
Apgujeong Hyundai jumped 250 million a month
The rate of increase in apartment sales prices. Graphic = Kim Hyun-seo [email protected]
According to the Korea Real Estate Agency on the 24th, apartment prices in Seoul in the third week of December (as of the 21st) rose by 0.05% compared to the previous week, showing a higher rate of increase than the previous week (0.04%). Seoul house prices have been increasing little by little for four consecutive weeks since the end of last month. Gangnam 3 districts (Seocho, Gangnam, Songpa-gu) were the first places in Seoul to turn on the rebound signal for house prices. The rate of increase in apartment prices in Songpa-gu (0.1%) doubled the Seoul average, and Seocho (0.09%) and Gangnam-gu (0.08%) also rose 0.03 percentage points from last week.
Kim Jin-gwang, manager of the Department of Housing Statistics, Department of Real Estate Statistics of the Korea Real Estate Agency, said, “In Gangnam-gu, apartment prices have recently risen mainly in complexes with reconstruction issues.” Said. According to the actual transaction price disclosure system of the Ministry of Land, Infrastructure and Transport, Hyundai 8th Apgujeong-dong, Seoul (exclusive area of 107.6m2) was sold at a reported price of 2.75 billion won on the 2nd of this month. The same-sized apartment jumped 250 million won from the one that sold for 2.5 billion won a month ago.
This week, the nationwide apartment rental price rose 0.3% from the previous week, continuing the upward trend for 68 consecutive weeks. Seoul rose 0.14%, the metropolitan area 0.23%, and the provinces rose 0.37%.
As the cheonsei crisis intensifies, the demand for jeonse is turning to apartment sales. According to the Ministry of Land, Infrastructure and Transport last month, the housing transaction volume was 11,6758, an increase of 25.9% from the previous month (92,769). This is a 34.8% increase compared to the average of the last five years (86,613 cases).
Reporter Yeom Ji-hyun [email protected]