Economy · 6 sources combined
Seoul apartment prices up 90 weeks straight
Gunpo and Yongtong surge 0.58%
In short
Seoul apartment prices have risen for 90 consecutive weeks, setting a record for the longest streak ever.
While prices in Gangnam's three districts fell, northern Seoul neighborhoods rose, pulling up the entire city.
Gunpo in Gyeonggi and Yongtong in Suwon rose more than Seoul, gaining 0.58%.
Key facts
| When | Based on October 26, Korea Real Estate Board released weekly trends on the 29th. |
|---|---|
| What | The targets are all apartments in Seoul and Gunpo City in Gyeonggi, Yongtong District in Suwon. |
| How much | Seoul rose 0.09% from the previous week, marking 90 consecutive weeks of gains; Gunpo and Yongtong rose 0.58%. |
| Why | Gangnam's three districts fell for the 8th week, but northern neighborhoods like Seongbuk and Seodaemun rose, supporting the uptrend. |
What it means for me
Readers in Seoul and southern Gyeonggi considering homeownership should check regional price trends.
If you are preparing to switch between jeonse and purchase, pay attention to rising trends in northern Seoul and southern Gyeonggi.
