Seoul Apartment Prices Extend Record Climb as Prime Areas See Strong Demand

Deep News05-07 13:20

Data released by the Korea Real Estate Board on Thursday showed that apartment prices in Seoul have risen for the 66th consecutive week. For the week ending May 4, apartment prices in Seoul increased by 0.15% compared to the previous week, with the growth rate slightly accelerating from the 0.14% gain recorded in the prior week. The board stated that while the overall property market shows a divergent trend, apartment prices in Seoul continue on a general upward trajectory. Some regional markets remain in a wait-and-see mode, whereas large apartment complexes and residences near transportation hubs continue to attract robust demand from homebuyers, consistently pushing prices to new record highs. Nationwide, apartment prices across South Korea saw an overall increase of 0.04%.

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