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Apartment prices in the metropolitan area continue to rise. This is the largest increase in 13 years, with the steepest increase in the price of small and medium-sized apartments, mainly visited by newlyweds and the working class.
Reporter Hyung-woo Jeon reports.
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Last month, house sales in Seoul showed the highest rate of increase in a year.
The metropolitan area rose 1.17 percent, the largest increase in 13 years since 2008.
In Seoul, prices have risen mainly in areas where maintenance and reconstruction are being promoted, such as Nowon-gu and Seocho-gu.
Most of the apartment prices rose regardless of the size of the house, with the price of a 40-60 m² apartment with one or two rooms showing the largest increase at 1.46%.
The burden on newlyweds and the working class who mainly look for small and medium-sized apartments has increased that much.
Small one-room apartments with one living room and one room also broke new record prices.
The average transaction price for small apartments in Seoul this year is 347 million won, and in Gangnam-gu, 661 million won.
[Ham Young-jin/Director of Big Data Lab: For the time being, low-mid-range areas, planned transportation network expansion sites, and 3rd new towns in the metropolitan area will continue to lead the rise.]
Seoul’s jeonse prices also show a shortage of properties due to the promotion of maintenance projects and the moving season for vacation. The upward trend continued.
The government plans to release new housing sites as early as this month following the 2/4 supply measures that were suspended after the suspicion of LH speculation.
However, house prices in Seoul only faltered for a while even after the government announced housing supply such as the August 4 measures last year and the February 4 measures this year.