PHOTOS: Seoul apartment prices rise fastest in nearly six years
By Kim Dong-wooPosted : July 16, 2024, 18:04Updated : July 16, 2024, 18:07
SEOUL, July 16 (AJU PRESS) - Apartment prices in Seoul have risen for the 16th consecutive week, marking the sharpest increase in nearly six years, according to the state-run Kore Real Estate Board.
As of the second week of July, prices climbed 0.24 percent from the previous week, the highest weekly gain since 2018.
The average price per square meter for new apartments in Seoul has surpassed 40 million won, a 31 percent increase compared to the same period last year.
People look at the cityscape on Mount Namsan, Seoul, on July 16, 2024. AJU PRESS Kim Dong-woo
A view of apartment buildings from Mount Namsan, Seoul on July 16, 2024. AJU PRESS Kim Dong-woo
A man takes a photo cityscape in Mount Namsan, Seoul, on July 16, 2024. AJU PRESS Kim Dong-woo
This photo shows apartment buildings in downtown Seoul on July 16, 2024. AJU PRESS Kim Dong-woo
This photo shows an apartment complex in downtown Seoul on July 16, 2024. AJU PRESS Kim Dong-woo
This photo shows apartment buildings in Seoul on July 16, 2024. AJU PRESS Kim Dong-woo
A woman walks past real estate listings in Seoul . Yonhap