Nationwide Apartment Sales and Jeonse Both Surge... 16 Out of 17 Regions See Simultaneous Increases

Nationwide Apartment Sales Prices Up 0.25% in the Third Week of June

Both sales and jeonse (long-term lease) prices are rising in the nationwide apartment market. Sixteen out of 17 major cities and provinces across the country, excluding some local regions, are simultaneously showing an upward trend, signaling a clear bullish market. In particular, Seoul's jeonse prices recorded the highest weekly growth rate in the past year as of this week.

A property listing posted at a real estate agent's office in Seoul on the 7th. Photo by Yonhap News.

According to the real estate price survey conducted by Real Estate 114’s Artificial Intelligence (AI) as of June's third week, nationwide apartment sales prices increased by 0.25%.

Sales prices in Seoul rose by 0.29%, Gyeonggi and Incheon climbed by 0.26%, and the greater Seoul metropolitan area overall posted a 0.27% increase. In non-metropolitan areas, the five major metropolitan cities saw a 0.09% rise, and other provinces recorded a 0.13% gain. Out of 17 cities and provinces nationwide, 16 experienced price increases while only one saw a decline, illustrating a pronounced upward trend.

By region, Gyeonggi (0.31%), North Jeolla (0.30%), Seoul (0.29%), South Jeolla (0.28%), and Gwangju (0.20%) posted gains, while South Chungcheong was the only region to decline, dropping by 0.01%.

On a monthly basis, the nationwide rate of change in May was 0.53%, up from 0.49% in April. Gyeonggi (0.76%) and Seoul (0.65%) led the monthly nationwide price increases.

In the third week of June, nationwide apartment jeonse prices rose by 0.26%. Seoul increased by 0.32%, Gyeonggi and Incheon by 0.29%, resulting in a 0.31% rise for the metropolitan area. The five major metropolitan cities and other regions saw gains of 0.15% and 0.14%, respectively. Across 17 cities and provinces, 16 recorded increases and only one recorded a decrease, indicating a strong upward trend.

By region, South Jeolla (0.42%), Sejong (0.35%), Gyeonggi (0.32%), Seoul (0.32%), Gwangju (0.21%), Ulsan (0.20%), and Busan (0.20%) saw increases of 0.20% or more compared to the previous week, reflecting significant gains.

Last month, the monthly nationwide jeonse price growth rate stood at 0.64%. Upward pressure on jeonse prices increased, especially in the Seoul metropolitan area.

According to Real Estate 114’s AI price survey, the weekly jeonse price change rate for Seoul apartments this week was 0.32%, marking the highest weekly increase in the past year. This trend is also confirmed in the recent weekly apartment price trends and time series statistics released by the Korea Real Estate Board and KB Real Estate.

Amid the ongoing rise in jeonse prices, monthly rent prices are also seeing a greater increase. According to R-ONE (Real Estate Statistics Information), last month’s apartment monthly rent price index in Seoul rose by 2.76% compared to January of this year (January 2026 = 100). Compared to the same month last year (96.16), this represents a 6.86% increase, outpacing both the nationwide (3.54%) and metropolitan area (4.80%) growth rates.

A Real Estate 114 official stated, "If jeonse loan regulations are further tightened to stabilize jeonse prices in the future, some of the demand for jeonse may shift to semi-jeonse or pure monthly rent markets, driving monthly rent prices even higher. In particular, with the entry barriers to both the sales and jeonse markets rising, the housing cost burden is expected to intensify, especially for the middle class and below, who are left with no other choice but to opt for monthly rents."

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