Seoul apartment price growth slowed due to decrease in sales and cessation of loans
The increase in apartment sales prices across the country, including Seoul, has generally decreased due to the financial authorities’ lending regulations and reduced sales.
According to the Korea Real Estate Agency, apartment prices in Seoul rose 0.17% this week, slower than the 0.19% increase last week.
Gangnam-gu decreased from 0.25% to 0.23% last week, and Seocho-gu decreased from 0.23% to 0.21%, respectively.
On the other hand, some parts of Gangbuk, such as Mapo and Yongsan, showed a larger increase than last week.
Meanwhile, Gyeonggi-do and Incheon also rose by 0.39% and 0.42%, respectively, the increase was less than last week.
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