A week before the inauguration of President-elect Yoon Seok-yeol, apartment prices in Seoul turned upward for the first time in 14 weeks. Yongsan-gu, which reflects development expectations following the relocation of the presidential office, rose for six weeks in a row. Apartment prices in Gangnam and Seocho rose for the seventh week in a row. Jeonse prices for apartments in Seoul also stopped falling for the first time in 13 weeks and turned flat.
As a result of a weekly apartment price trend survey for the first week of May (as of the 2nd) by the Korea Real Estate Agency on the 5th, the nationwide sales price recorded 0.00%, maintaining the same trend as last week.
On the other hand, Seoul (0.00% → 0.01%) stopped flat and turned upward. Although there are not many items for sale due to concerns about additional interest rate hikes and global economic uncertainty, the total apartment prices in Seoul have risen as reports have been made centered on reconstruction and ultra-high-priced apartment complexes worth 1.5 billion won or more in the Gangnam area, with expectations for deregulation. Seoul Real Estate Information According to Gwangjang, the apartment transaction volume in Seoul in April was 985, which was 27% compared to the same period of the previous year (3655).
Yongsan-gu rose for the sixth straight week, and the range of the increase also increased. Yongsan-gu, which had risen to 0.01% in the 4th week of March, after the announcement of the relocation of the presidential office, was 0.02% (1st week of April) → 0.03% (2 weeks) → 0.03% (3 weeks) → 0.03% (4 weeks) It continued its upward trend and recorded 0.04% in the first week of May. Nowon-gu, which has high expectations for the easing of reconstruction regulations, also stopped the decline and switched to flat.
In the case of Gangnam area, Seocho-gu (0.05%) saw a significant increase as transaction prices continued mainly for semi-new construction and medium-large units in Banpo, and Gangnam (0.03%) also continued the upward trend and rose for 7 weeks in a row. Reported transactions were made, and Gangdong-gu (0.02%) also rose mainly in Godeok and Sangil-dong. Gangseo (0.00%) and Guro (0.00%) also stopped the downtrend and turned mixed, showing mixed signs. Songpa-gu (-0.01%) showed a buying trend mainly for the reconstruction of Bangi-dong, but as the decline continued mainly in Jamsil-dong, a land transaction permission zone, it was the only district in Gangnam to decline for two weeks in a row.
Due to the rise in apartment prices in Seoul and Gyeonggi, the metropolitan area (-0.01% → 0.00%) also stopped the decline and turned flat. In Gunpo-si (0.06%), Goyang-Ilsan-dong-gu (0.06%), and Seongnam-Bundang-gu (0.05%), where there are high expectations for deregulation of the first new city, apartment prices rose mainly for reconstruction, while Icheon (0.23%) and Pyeongtaek-si (0.23%) It also rose due to demand for direct stocks. Incheon (-0.02% → 0.00%) also stopped the decline for the third week in a row and switched to a flat.
Jeonse prices for apartments nationwide remained at the same level as last week (0.00%). The metropolitan area (-0.01%) maintained the decline, but Seoul (-0.01% → 0.00%) stopped the downward trend and returned to a flat rate for the first time in 13 weeks. Seoul showed a decline or flat trend in most regions due to the burden of jeonse loans, but the number of properties for sale decreased mainly for new constructions with relatively low prices or high preference.