“Apartment Prices in Seoul: Decline Slows but Non-Gangnam Areas Continue to Drop”

[이코노미스트 이지완 기자] Recently, the decline in apartment prices in Seoul has slowed as the number of areas that have been sold out quickly has increased, but the downward trend continues. The metropolitan area, such as Gyeonggi and Incheon, and some new cities also showed a similar pattern.

According to Real Estate R114 on the 6th, apartment prices in Seoul (including reconstruction and general apartments) fell 0.03% this week. However, the decline slightly decreased from last week (-0.04%) as the exhaustion of urgent sales continued. During the same period, apartment prices in Gyeonggi and Incheon fell by 0.03% and new towns by 0.02%.

The regional disparities were large. In the case of Seoul, some Gangnam areas such as Seocho and Songpa, where high-priced apartments were concentrated, recorded a flat rate (0.00%). On the contrary, most of the non-Gangnam area, where mid- to low-priced apartments are concentrated, continued to decline. Geumcheon-gu had the biggest drop in apartment prices at -0.10%, followed by Gangbuk (-0.08%), Guro (-0.07%), Dobong (-0.07%), Dongdaemun (-0.07%), Gangdong (-0.05%), and Gwanak (-0.05%). 0.05%) followed.

Gyeonggi and Incheon are Uiwang (-0.10%), Goyang (-0.08%), Incheon (-0.07%), Namyangju (-0.06%), Gunpo (-0.04%), Siheung (-0.03%), and Uijeongbu (-0.03%). %) decreased in order.

In the case of new towns, Sanbon (-0.06%), Ilsan (-0.05%), Bundang (-0.03%), and Pangyo (-0.02%) showed a downward trend. Except for this, the rest of the new cities recorded a flat rate (0.00%).

ⓒThe Economist (“Economic News for Tomorrow” Unauthorized copying and redistribution prohibited)