Weekly apartment price trends, released by Korea Real Estate Board (REB), showed that apartment prices across the nation fell 0.04 percent as the first week of February.
The Seoul metropolitan area saw apartment prices drop\, but apartment prices in Seoul saw an uptick, while those in provincial districts declined.
The latest trends were compared to those of Jan. 27, a two-week change, since weekly trends as of Feb. 20 were not released.
An REB official said, “Buying sentiment was weakened and in a wait-and-see mode in the wake of restrictions on loans, but overall apartment prices in Seoul rose due in part to an increase in tradable prices in favored complexes, such as reconstruction ones.”
The Seoul metropolitan area saw apartment prices drop 0.02 percent in the first week of February, while Seoul saw those rise 0.02 percent over the previous week.
By ward area, Nowon-gu saw apartment prices decline 0.03 percent with Sanggae and Junggae-dong taking the lead. Eunpyeong-gu saw those fall 0,01 percent with Jeungsan and Gusan-dong leading the way.
On the other hand, Yongsan-gu rose 0.05 percent centering around Ichon and Hannam-dong, Mapo-gu increased 0.05 percent with Dohwa and Yeomri-dong taking the lead. Gwangjin-gu gained 0.04 percent with Gwangjang and Jayang-dong leading the way.
In the Gangnam area, Gangdong-gu fell 0.03 percent with Gwangjang and Jayang-dong taking the lead, and Dongjak-gu declined 0.01 percent with Heukseok and Sangdo-dong leading the way. Songpa-gu surged 0.13 percent with a focus on Jamsil and Shincheon-dong.
Seocho-gu increased 0.06 percent, centering around Seocho and Jamwon-dong and Yangcheon-gu increased 0.04 percent with a focus on Mokdong and Shinjeong-dong.
In Incheon Metropolitan City, Yeonsu-gu prices plunged 0.13 percent, centering around Yeonsu and Okryun-dong, Namdong-gu nose-dived 0.12 percent with Nonhyeon and Mansu-dong taking the lead, Gyeyang-gu fell 0.1 percent, Michuhol-gu declined 0.06 percent with Hagik-dong taking the lead and Seo-gu dropped 0.05 percent with Cheongna and Gajeong-dong leading the way.
Provincial areas saw apartment prices fall 0.06 percent.
The comparable figures by city and province are the following: 0.06 percent decline in Busan, 0.07 percent drop in Daejeon, 0.21 percent plunge in Daegu, 0.03 percent fall in Chungcheongnam-do, 0.01 rise in Chungcheongbuk-do, 0.02 percent fall in Gangwon-do, 0.03 percent decline in Gwangju, 0.03 percent increase in Ulsan, 0.07 percent plunge in Sejong, 0.01 percent drop in Jeollanam-do, 0.02 percent rise in Jeollabuk-do, 0.05 percent decline in Gyeongsangnam-do, 0.11 percent plunge in Gyeongsangbuk-do and 0.06 percent fall in Jeju.
Weekly apartment price trends, released by Korea Real Estate Board (REB), show changes of apartment prices in cities and provinces across the nation as the first week of February.
Meanwhile, apartment jeonse prices across the nation remained unchanged, compared to a 0.01 percent drop in the previous week. Seoul’s apartment jeonse prices increased 0.01 percent with no change in the previous week.
REB said complexes, affected by new apartment house supplies and outskirts areas, saw jeonse prices decline, but jeonse prices in Seoul saw an upturn as contracts on increases were struck with favored complexes, such as new construction facilities taking the lead.
REB Strikes MOU on Joint Project to Remodel Vacant Houses in Agricultural Areas
Korea Real Estate Board signed an MOU on a joint public and private sector project to remodel vacant houses in agricultural districts, with the Ministry of Agriculture, Food and Rural Areas (MAFRA) and two others last Dec. 23.
Under the agreement, the four institutions will improve housing conditions by remodeling vacant houses in agricultural areas in Sejong City, reinvigorating the regional economic vigor.
The vacant houses, undergoing remodeling, will be used as shared homes for accommodating would-be returnees to rural areas, art shops and village museums.
Lee Sang-ho, head of the ESG Strategy Office at REB said, “The agricultural vacant house renewal project is a significant foothold for designing a sustainable future and regaining the dynamics of the regional society beyond simple space renewal, and we strive to reinvigorate the regional economy and community through cooperation and communication with related organizations.”
_시도별 아파트 매매가격지수 변동률.PNG)
