This year, most of the accepted appeals regarding the publicly announced prices of multi-family housing have been concentrated in Seoul. The significant increase in property prices in the city has led to a surge in both the number of appeals filed and those accepted.
According to data submitted to the National Assembly's Land, Infrastructure and Transport Committee by Kim Jong-yang, a member of the ruling People Power Party, there were a total of 121 accepted appeals nationwide for publicly announced multi-family housing prices this year. Of these, 118 appeals, or 97.5%, were from Seoul.
The acceptance rate for appeals in Seoul was 2.48% this year, significantly higher than last year's rate of 0.79%. This marks an increase for the second consecutive year, compared to 0.32% in 2024.
The number of accepted appeals has also risen sharply. A total of 4,758 appeals were filed in Seoul this year, with 118 being accepted. In contrast, last year, only 11 out of 1,393 appeals were accepted.
In non-capital regions, however, there were 388 appeals filed this year, but none were accepted. Cities such as Busan had 82 appeals, Daegu 24, Gwangju 6, Daejeon 15, Sejong 13, and Chungnam 182, all recording a 0% acceptance rate. Incheon also had 55 appeals filed, with no cases accepted.
In Gyeonggi Province, 3 out of 865 appeals were accepted, resulting in an acceptance rate of 0.35%. Excluding the 118 accepted appeals in Seoul and the 3 in Gyeonggi, there were no accepted cases in other regions.
The concentration of appeals in the capital region is evident, with Seoul accounting for 78.4% of the 6,066 appeals filed nationwide this year. When including Gyeonggi and Incheon, the total number of appeals from the capital region reached 5,678, or 93.6% of the total.
The significant increase in appeals from Seoul can be attributed to the rise in publicly announced property prices. As of January 1 this year, the average publicly announced price for multi-family housing nationwide increased by 9.13%, while in Seoul, it surged by 18.60%, the highest rate among all regions.
Since publicly announced prices affect property taxes, health insurance premiums, and various fees, the growing number of appeals in Seoul appears to be driven by concerns over increased tax burdens.
Kim Jong-yang stated, "The fact that accepted appeals are virtually concentrated in Seoul, with none in the provinces, indicates that the appeal system for publicly announced prices operates differently across regions. The high acceptance rate suggests that the Ministry of Land, Infrastructure and Transport miscalculated the property prices and has only now begun to correct them."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.