Apartment prices in Seoul have remained flat for 2 consecutive weeks...Jeonse prices are down.

While apartment prices in Seoul have been flat for two consecutive weeks, apartment prices across the country have continued to decline for five consecutive weeks.

According to apartment prices for the first week of January released today by the Korea Real Estate Agency, Seoul was flat for the second straight week following last week, while the Seoul metropolitan area and provinces recorded declines of 0.02 percent and 0.05 percent, respectively, representing a 0.03 percent nationwide decline.

The 0.03% drop in apartment prices across the country has been going on for five consecutive weeks since the second week of last month, with local apartments falling 0.01%p higher this week than last week.

This week, apartment lease prices remained unchanged from last week in the Seoul metropolitan area, provinces and the country, but prices fell 0.01% in Seoul from last week.