Economy · 6 sources combined
Seoul apartment prices up 89 weeks
Record longest streak, Gangnam weakens
In short
Seoul apartment prices rose for the 89th consecutive week, setting an all-time record.
Gangnam's three main districts declined, but northern and outer areas rose significantly.
The semiconductor belt region in southern Gyeonggi is also seeing rapid home price increases.
Key facts
| When | Statistics as of October 19 were announced by Korea Real Estate Board on the 22nd. |
|---|---|
| Who | Korea Real Estate Board surveyed nationwide weekly apartment price trends. |
| What | Seoul apartment transaction prices rose 0.13% from the previous week, marking 89 consecutive weeks of gains. |
| How | Gangnam's 11 districts rose 0.02%, northern 14 districts rose 0.26%, and Byeongjeom in Hwaseong recorded the nation's highest at 0.65%. |
What it means for me
If you plan to buy or sell a home, it's worth checking regional price trends.
If you're considering homeownership, note the upward trends in outer and southern Gyeonggi areas.
If you own an apartment in northern or outer Seoul, your asset value could appreciate further.
