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# 84㎡ dedicated to’Hillstate Yeongtong’ in Yeongtong-gu, Suwon in 2017, was traded for 1.1 billion won this month, and the reported price was written. At the end of December last year, the price rose to more than 100 million won in just three weeks after the transaction was reported to 990 million won, and it entered the ‘1 billion club’.
After the nationwide house prices jumped, the effect of the head balloon, which pushed the purchase back to the metropolitan area, intensifies, and the prices of apartments in the metropolitan area, including Gyeonggi Province, are rising significantly. Taking advantage of various development benefits, such as the Metropolitan Area Metro (GTX), the rate of increase in apartment prices in the metropolitan area this week reached a record high.
According to the weekly apartment price trend announced by the Korea Real Estate Agency on the 28th, the increase rate of apartment sale prices in the metropolitan area in the fourth week of January recorded 0.33%, up 0.02 percentage points from the previous week. It is the highest rate of increase since May 2012, when statistics began to be compiled. This figure far exceeds the rate of increase nationwide (0.29%) and Seoul (0.09%).
The rise in the metropolitan area was driven by apartments in the Gyeonggi area. The rate of increase from 0.42% last week rose to 0.46% this week. Namyangju (0.96%) showed the largest increase. Goyang (0.87%), Yangju (0.71%), and Uijeongbu (0.62%) also showed high growth rates due to the influence of GTX.
An official of the Real Estate Agency explained, “Amidst high buying sentiment due to low interest rate liquidity and rising jeonse prices, there is anticipation for maintenance business, or it has risen mainly in station areas, new complexes, or relatively undervalued complexes.” In the case of Gangnam 4 district, which leads the rise in housing prices in Seoul, the rate of increase was slightly reduced compared to the previous week, but the rate of increase was still high (0.12%).
On the other hand, the jeonse market is in a situation where the extent of the rise gradually decreases. The rise in apartment jeonse prices across the country decreased from 0.24% last week to 0.23% this week, and Seoul also slightly decreased from 0.13% to 0.12%. Although the rise is continuing, mainly in the station area, school districts, and mid- to low-end complexes, this is due to the accumulation of sales in areas where prices have increased significantly.
/ Reporter Jiyoon Yang [email protected], Reporter Hyukjun Kwon [email protected]
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