Seoul property costs rise for first time in 5 months… ‘Enterprise rising main advanced most well-liked’

2024-05-16 05:04:00

The true property value pattern in line with the Korean Actual Property Chamber in April elevated by 0.09 % from the earlier month’s degree.

Property costs in Seoul, which had been weak all through the winter, resumed an upward pattern in April. This is because of the truth that the upward transactions occurred primarily in giant areas and prime complexes.

In accordance with the “April Nationwide Housing Value Pattern Survey” introduced by the Korea Actual Property Council on the sixteenth, nationwide housing costs (flats, townhouses, single-family homes, and so on.) have fallen of 0.05%, a lower in comparison with the earlier interval. months (-0.12%). The decline additionally narrowed within the metropolitan space (-0.11→-0.01%) and regional areas (-0.13%→-0.09%), and Seoul (0.00%→ 0.09%) went from flat to rising.

It has been 5 months since property costs in Seoul confirmed an upward pattern since November final yr (0.10%). ▲December -0.07% ▲January of this yr -0.12% ▲February -0.09% ▲March 0.00%.

The condominium gross sales value index additionally began to rise, from a decline of 0.02% within the earlier month to 0.13% in April. The metropolitan space (-0.15% → 0.00%) grew to become steady, Incheon (-0.04% → 0.05%) recovered and the decline in Gyeonggi (-0.25% → – 0.09%) has shrunk.

Primarily based on general housing, Seongdong-gu (0.25%) is residential in Geumho, Haengdang and Oksu-dong, Yongsan-gu (0.22%) is inbuilt Ichon and Bogwang-dong, Mapo-gu (0.21%) is inbuilt the popular complexes of Yeomri and Daeheung-dong, and Seocho-gu (0.20%) is positioned in the popular complexes of Banpo and Jamwon-dong, Songpa-gu (0.20%) ) rose within the space close to Jamsil and Sincheon-dong stations, and Gwangjin. -gu (0.13%) moved to Gwangjang, Jayang and Guui-dong.

Gyeonggi (-0.07%) fell primarily in Anyang Dongan-gu, Namyangju-si and Goyang Ilsandong-gu, whereas Incheon (-0.05%) fell in Bupyeong, Jung-gu and Michuhol-gu .

An official from the Actual Property Institute defined, “Intermittent upward transactions occurred primarily in Seoul’s prime areas and prime complexes, in addition to some areas within the metropolitan space affected by favorable transportation components such because the opening of the Seoul Metropolitan Speedy Transit (GTX-A) system. ) additionally elevated.

Nationwide housing rental costs elevated by 0.07%, up from the earlier month (0.05%). The rise elevated within the metropolitan space (0.19% → 0.21%), the rise decreased in Seoul (0.19% → 0.18%), and the lower decreased within the provinces (-0 .08% → -0.06%).

In Seoul, Seongdong-gu (0.39%) is a big advanced in Geumho-dong 3-ga and Haengdang-dong, Dongdaemun-gu (0.36%) is Jangan and Jeonnong-dong, Nowon-gu (0, 35%) is a small space close to Wolgye-Junggye-dong subway station and Yongsan-gu (0.34%) is Hangang-ro 3-ga, Sancheon-dong, Dongjak-gu (0.32%) has elevated primarily in Sadang and Heukseok-dong, Yangcheon-gu. (0.20%) elevated primarily in Mok and Sinwol-dong, and Yeongdeungpo-gu (0.20%) elevated primarily in Dangsan-dong 5-ga and Singil-dong. In distinction, Gangdong-gu (-0.02%) fell primarily in Myeongil and Gangil-dong because of the affect of recent move-ins.

The worth of month-to-month housing rents nationwide elevated by 0.08%, a lower within the improve in comparison with the earlier month (0.09%). The rise elevated within the metropolitan space (0.16% → 0.17%), whereas the rise decreased in Seoul (0.15% → 0.14%) and regional areas (0.03 % → 0.01%).

An official from the Actual Property Institute mentioned: “Within the metropolitan space, the demand for month-to-month rents continues primarily in giant complexes with good housing circumstances. » He added: “In Seoul, the massive complexes of Seongdong, Nowon and Yongsan-gu. » Gyeonggi, the main complexes of Seongnam Bundang, Suwon, Yeongtong-gu and Gwangmyeong-si, in addition to the complexes of Incheon, Jungang, Bupyeong and Gwangmyeong-si. “It has elevated primarily within the West,” he mentioned.

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