The housing market in Seoul has seen a significant increase, contributing to a nationwide upward trend. Both sales and rental prices in the capital rose by over 1%, leading the national market.
According to the Korea Real Estate Agency's "June 2026 National Housing Price Trend Survey," the comprehensive housing sales price across the country increased by 0.33% compared to the previous month, while rental prices rose by 0.38% and monthly rent prices also increased by 0.38%.
The gap between the metropolitan area and provincial regions remains evident. In the metropolitan area, sales prices rose by 0.67%, rental prices by 0.71%, and monthly rents by 0.62%. In contrast, provincial areas saw minimal increases, with sales prices up by just 0.01%, rental prices by 0.08%, and monthly rents by 0.15%.
Seoul's price increases significantly outpaced the national average. The comprehensive housing sales price in Seoul rose by 1.03%, while rental prices increased by 1.08% and monthly rents by 0.96%. Compared to May, the growth rates have expanded, with sales rising from 0.90% to 1.03%, rentals from 0.91% to 1.08%, and monthly rents from 0.81% to 0.96%.
By housing type, the upward trend centered on apartments is now spreading to multi-family and single-family homes. Apartment sales prices in Seoul increased by 1.21%, marking the highest growth rate. Multi-family homes rose by 0.86%, and single-family homes increased by 0.49%, indicating continued growth in the non-apartment market. The Korea Real Estate Agency includes multi-family homes in its multi-family housing category and single-family homes in its multi-family housing count.
The agency noted that while some outer areas and older complexes are experiencing a wait-and-see attitude, demand remains strong in preferred areas such as redevelopment zones, large complexes, and transit-accessible locations, leading to signed contracts. The rental market also continues to see demand in large complexes and transit-accessible areas with favorable living conditions.
Regionally, in the Seoul sales market, Seongbuk-gu recorded the highest increase at 1.39%. This was followed by Gwangjin-gu and Guro-gu (each at 1.31%), Dongdaemun-gu (1.28%), Seongdong-gu (1.23%), Gangseo-gu (1.16%), Dobong-gu (1.15%), Songpa-gu (1.11%), Yeongdeungpo-gu (1.10%), and Gangdong-gu (1.06%). In the rental market, Seongdong-gu (2.08%) saw the largest increase, followed by Nowon-gu (1.78%), Dobong-gu (1.56%), Songpa-gu (1.53%), and Seongbuk-gu (1.50%).
Conversely, provincial areas displayed notable disparities. The sales market in Ulsan (0.31%) and Jeonbuk (0.19%), Jeonnam (0.16%), and Chungbuk (0.10%) saw increases, while Gwangju (-0.31%), Sejong (-0.19%), and Jeju (-0.17%) experienced declines. The rental market also showed growth in Ulsan (0.45%), Sejong (0.31%), and Jeonbuk (0.21%), but Gwangju (-0.24%) and Jeju (-0.17%) continued to decline.
* This article has been translated by AI.
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