【Youth Daily 】National house prices including apartments rose to the highest in 14 years. The jeonse price also increased, recording the largest increase in nine years. Seoul’s house and rental prices also showed the same rise.
According to the monthly KB housing market trend released by KB Real Estate on the 27th, the nationwide housing sales price in December rose 1.36% compared to last month. Compared to the end of last year, it was an increase of 8.35%.
This year’s house price has fluctuated from 0.14 to 0.48% in January to June, nearly doubled to 0.88% in July, maintained at 0.78% and 0.80% in August to September, and then slightly decreased to 0.67% in October.
However, since then, it has continued to climb at 1.43% in November and 1.36% in December. This is the highest increase rate in 14 years after the 11.60% increase in 2006 during the Roh Moo-hyun administration.
Apartments and singles have changed their highest growth rate in 14 years, and alliances in 12 years.
By housing type, apartment prices rose 9.65% compared to the end of last year, singles rose 3.87%, and coalitions rose 6.47%.
House prices in Seoul rose 10.70% this year.
The rate of increase in house prices in the Gangbuk region (14 districts) was 11.13%, higher than that of the Gangnam region (11 districts, 10.28%).
Apartment prices in Seoul rose 13.06% to the highest in two years since 2018 (13.56%). The single and alliances rose by 6.81% and 8.18%, respectively, the most since 2007 (7.08%·8.87%).
In this year, the country where house prices jumped the most was Sejong City, where the capital was relocated, and the rate of increase in apartment prices reached 44.97%, and the rate of increase in rented rent recorded 27.61%.
House prices in Seoul and the metropolitan area rose 10.57%, respectively, while Gyeonggi-do rose 11.58% and Incheon 6.72%, respectively.
The increase rate of metropolitan cities and provinces was in the order of Sejong (36.02%), Daejeon (12.01%), Gyeonggi (11.58%), Daegu (9.35%), Ulsan (7.50%), and Busan (6.85%).
Sejong City, where the capital was relocated this year, surged 44.97% in terms of the rate of increase in apartment prices, the highest in the country. Sejong’s apartment rental price increase rate also reached 27.61%.
The nationwide housing leased price rose the most in nine years since 2011 (12.30%), up 6.54% from the end of last year.
The nationwide jeonse price increased by 0.06 to 0.27% until the first half of the year, but increased to 0.44% in July and 0.52% in August when the new lease law was introduced.
Following 0.87% and 0.83% from September to October, it recorded the highest increase this year at 1.68% last month, and continued the 1% increase this month at 1.10%.
By type, apartment rental prices increased by 7.52% compared to the end of last year, alone by 2.96%, and coalition by 5.61%.
Seoul’s rental price rose 10.15%. The Gangnam region (10.97%) had a larger slope than the Gangbuk region (9.30%). The rent for apartments in Seoul rose 12.25%.
The total price of housing in Seoul and other metropolitan areas rose 8.73%.
Sejong (22.39%) also took first place in the rate of increase in housing rent in metropolitan and provincial cities, and Daejeon (9.01%), Gyeonggi (8.59%), Daegu (6.48%), Ulsan (6.02%), Incheon (5.03%), Busan (3.23%) and so on.
【Youth Daily = Reporter by phone number】
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