Seoul Apartment Jeonse Prices Jump 0.28%, Fastest Spread in Over a Decade

Seoul apartment jeonse prices have continued to rise since late last month. The weekly increase reached 0.28%, a level reported to be far above last year’s annual growth rate. The upward trend is not limited to Gangnam; it is also clear in Gangbuk, where the pace of increase has been stronger than in Gangnam. Major areas in the Seoul metropolitan region are also seeing apartment jeonse prices climb, showing that the trend is spreading beyond the capital’s core districts. As the rise extends across Seoul and nearby areas, tenants may face heavier housing cost pressure. Source: mk.co.kr