Share of price-increasing Seoul apartment transactions surges 9.4p to 57.1%

According to Zigbang on the 13th, 47.3% of apartment transactions nationwide last month were executed at higher prices than previous ones. Leading the overall price increase, Seoul saw the share of such transactions surge by 9.4 percentage points (p) month-on-month to 57.1%. Seoul's share rose from 47.7% to 57.1%. The number of autonomous districts with over 50% of transactions seeing price increases expanded from five in May to 23 in June, excluding Gangnam and Gwangjin districts. Even in areas dense with low-to-medium priced apartments, such as Jungnang, Gwanak, and Yeongdeungpo districts, where price increases had previously been limited, the volume of transactions at higher prices expanded.

While transaction volumes in most of Gyeonggi Province dropped by 30–70% compared to the previous month, the province's overall share of price-increasing transactions rose by 3.0 percentage points from 46.4% last month to 49.4% this month. In Dongtan District, Hwaseong City, transaction volumes increased by 41% from the previous month, leading to an expansion in the share of rising transactions. Outside the capital region, the share of price-increasing transactions in provincial areas fell by 0.2 percentage points from 44.5% to 44.3%. Gangwon saw a 3.5 percentage point increase, while Jeju saw a 5.6 percentage point decline.

The government recently designated Hwaseong Dongtan, Yongin Giheung, and Guri as speculative overheated districts and areas subject to adjustment. Policy discussions, including a real estate public debate, are scheduled to continue on the 23rd.