Seoul Apartment Prices Expand Gains for Second Week, Driving Metropolitan Market Upturn

Seoul Up 0.54% from Last Week
Han River Belt Shows Strong Performance

Seoul housing prices have recorded an upward trend for two consecutive weeks, driving the overall rise in home prices across the greater metropolitan area.

According to Real Estate R114, nationwide apartment sale prices in the fourth week of this month increased by 0.27% compared to the previous week (0.10%).

On the 27th, apartment prices in Mapo and Seongdong districts of Seoul rose at the largest rate since related statistics began to be published in 2013. The expectation that Seoul apartment prices will continue to rise is forecasted to sustain the upward trend for the time being. The photo shows a panoramic view of apartment complexes in downtown Seoul as seen from Namsan, Seoul. 2025.06.27 Photo by Dongju Yoon

In particular, Seoul posted the largest weekly increase so far this year. This week, apartment sale prices in Seoul jumped by 0.54% compared to the previous week (0.29%), widening the rate of increase.

By individual district, prices rose in the following order: Seongdong (0.73%), Gangdong (0.66%), Yongsan (0.66%), Dongjak (0.65%), and Gwangjin (0.63%), with the Han River Belt showing particularly strong gains.

Gyeonggi and Incheon also saw a 0.10% increase, leading the metropolitan area (0.34%) price rise. The five major metropolitan cities rose by 0.01%, and other provinces increased by 0.08%. Out of the 17 provinces and major cities nationwide, prices rose in 7 regions and fell in 10, indicating a slight predominance of declining areas. However, the upward pressure in the rising regions was stronger, resulting in a continued increase in sale prices.

By region, prices fell in Jeonnam (-0.17%), Gwangju (-0.16%), Gangwon (-0.14%), Chungnam (-0.14%), and Daejeon (-0.12%), while they rose in Sejong (0.73%), Seoul (0.54%), Ulsan (0.33%), Gyeonggi (0.13%), and Jeonbuk (0.10%). The nationwide monthly change rate for May was 0.63%.

Jeonse (long-term lease) prices also rose by 0.06% nationwide, expanding the increase from the previous week (0.04%). Seoul rose by 0.13%, the metropolitan area by 0.09%, Gyeonggi and Incheon by 0.04%, and the five major metropolitan cities by 0.01%, showing an upward trend across all major regions. In contrast, other provinces fell by 0.01%. Out of the 17 provinces and major cities nationwide, prices rose in 9 and fell in 8, with rising and falling regions nearly evenly split.

Real Estate R114 stated, "Seoul apartment prices posted the largest weekly increase so far this year," and added, "Among Seoul's 25 districts, not a single district recorded a negative change rate."

The company further explained, "However, the overheated atmosphere in the Seoul apartment market is expected to ease somewhat starting in July. This is due to accumulated fatigue from the recent sharp price increases, as well as increased financial burdens resulting from reduced loan limits under the phase 3 stress DSR implementation and a decline in the jeonse-to-sale price ratio. In addition, as regulations on mortgage loans in the greater metropolitan area and regulated regions are strengthened starting on the 28th, the rate of increase in sale prices is likely to narrow and the market may enter a period of adjustment."

This content was produced with the assistance of AI translation services.