"Buyers wait and see due to loan restrictions" Seoul apartment prices slow down

Apartment prices in Seoul continued to rise for 33 consecutive weeks, but the rise slowed due to the impact of loan regulations.

According to weekly apartment price trends across the country in the first week of this month released by the Korea Real Estate Agency, Seoul rose 0.07%, down from last week's 0.08%.

The Korea Real Estate Agency explained that although there is an upward trend in some reconstruction complexes, sales are being piled up due to the buyer's wait-and-see stance due to loan regulations.

Apartment prices in the Seoul metropolitan area rose 0.05%, the same as last week, and local apartment prices fell 0.02%, reducing the drop from last week, bringing the nation's rate of increase in apartment prices to 0.01%, the same as last week.

Jeonse prices for apartments nationwide rose 0.04%, reducing their increase.

The increase in apartment lease prices in Seoul and the Seoul metropolitan area was 0.06 and 0.07%, respectively, down from last week, but local apartment lease prices shifted from flat to 0.01%.