&▲ Seoul apartments (File Photo)
The upward momentum of housing sales prices in Seoul continued last month, exceeding the previous month's level and maintaining a strong upward trajectory.
While the increase in Jeonse (lump-sum housing deposits) and monthly rent prices narrowed slightly compared to the previous month, they still remained at high levels.
According to the July National Housing Price Trend Survey released today (the 18th) by the Korea Real Estate Board, the average sales price of all housing types combined (apartments, row houses, and detached houses) in Seoul rose 1.09% from the previous month.
The sales price increase widened by 0.06 percentage points from the previous month, breaking this year's highest record and expanding for the fourth consecutive month.
Seongbuk-gu (1.73%) saw strong growth centered around major complexes in Hawolgok and Gireum-dong, while Nowon-gu (1.64%) focused on Sanggye and Junggye-dong amid expectations for development. Jungnang-gu (1.35%), Guro-gu (1.33%), and Gangdong-gu (1.29%) also recorded significant increases.
In Gyeonggi Province (0.65%), the growth rate expanded by 0.06 percentage points compared to the previous month, led by high increase rates in Hwaseong's Dongtan-gu (3.30%), Suwon's Yeongtong-gu (2.46%), and Yongin's Giheung-gu (1.96%), which are influenced by the semiconductor industry sector.
Incheon rose 0.02%, and the greater Seoul metropolitan area as a whole increased by 0.72%.
In non-metropolitan areas (0.01%), the four major metropolitan cities (0.01%) and Jeonnam-Gwangju (0.10%) saw increases, while Sejong (-0.04%) and seven provincial areas (-0.01%) declined.
The nationwide overall housing sales price rose by an average of 0.35%.
For apartments alone, the sales price increase rate in Seoul reached 1.27%, expanding 0.06 percentage points from the previous month, while the greater metropolitan area as a whole (0.88%) saw its growth widen by 0.07 percentage points.
Non-metropolitan areas rose 0.02% from the previous month, and the national average increased by 0.44%.
In Seoul, sales prices for row houses such as villas also recorded a 0.96% increase, up 0.1 percentage points from the previous month.
The Korea Real Estate Board stated, "While a mixed trend is observed as demand concentrates on areas with high residential preference mainly in Seoul and the metropolitan area alongside a wait-and-see stance in some regions, overall prices continued to rise. Although localized wait-and-see attitudes exist in the housing sales market, rising transactions occurred centering around areas with development expectations and station areas or large-scale complexes with steady demand."
Nationwide overall housing Jeonse prices rose 0.38%, showing the same rate of increase as the previous month.
In Seoul (1.03%), the growth rate narrowed by 0.05 percentage points compared to the previous month, but high increase rates were recorded in Nowon-gu (1.69%), Gangdong-gu (1.53%), Seongbuk-gu (1.48%), Songpa-gu (1.45%), Gangbuk-gu (1.39%), and Seongdong-gu (1.35%).
Gyeonggi Province (0.55%) saw large increases in areas such as Gwangmyeong (1.79%), Hwaseong's Dongtan-gu (1.68%), and Yongin's Giheung-gu (1.52%), while Incheon rose 0.27%.
The greater metropolitan area as a whole increased by 0.68%.
In non-metropolitan areas (0.10%), the four major metropolitan cities rose 0.18%, Sejong increased 0.35%, and Jeonnam-Gwangju (0.03%) and seven provincial areas (0.07%) also saw slight increases.
For apartment Jeonse prices, Seoul rose 1.28%, with the growth rate shrinking 0.09 percentage points from the previous month.
The metropolitan area rose 0.84%, non-metropolitan areas rose 0.16%, and the national average increased by 0.49%.
The nationwide overall housing monthly rent increase rate was surveyed at 0.38%, identical to the previous month.
In Seoul (0.94%), the growth rate narrowed by 0.02 percentage points compared to the previous month, but strong trends continued in Nowon-gu (1.67%), Seongbuk-gu (1.60%), Gangdong-gu (1.27%), Songpa-gu (1.26%), and Seongdong-gu (1.23%).
Gyeonggi Province (0.52%) posted high increase rates in Hwaseong's Dongtan-gu (1.54%), Yongin's Giheung-gu (1.35%), and Gwangmyeong (1.30%), while Incheon rose 0.37%, bringing the total metropolitan area increase to 0.64%.
In non-metropolitan areas (0.14%), Sejong recorded the highest increase rate at 0.36%, followed by the four major metropolitan cities at 0.18%, Jeonnam-Gwangju at 0.13%, and seven provincial areas at 0.10%.
Apartment monthly rents rose 1.12% in Seoul and 0.77% in the metropolitan area.
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