The number of domestic and corporate owners applying for ownership transfers of multi-unit buildings in Seoul increased in August compared to both the previous month and the same month last year. In contrast, the number of foreign owners saw a significant decline compared to the previous month.
According to an analysis by the real estate information app Jipum, based on data from the Supreme Court's registration information portal, there were 32,272 ownership transfer applications for multi-unit buildings across Seoul's 25 districts in August 2026. This marks an increase of 4,013 from July's 28,259 and 7,434 from 24,838 in August of the previous year.
The ownership transfer application data categorizes applicants into domestic, foreign, and corporate owners based on the submitted applications for ownership transfers. This analysis compared the monthly status of ownership by category across the 25 districts of Seoul without distinguishing the reasons for the applications.
In August, the number of domestic owners applying for ownership transfers was recorded at 23,961, an increase of 2,169 from July's 21,792 and 3,784 from last year's 20,177.
By district, Gangdong District had the highest number of domestic owners at 5,191, followed by Songpa with 1,588, Nowon with 1,334, Gangseo with 1,192, and Gangnam with 1,154.
Corporate owners totaled 7,594, up 2,014 from the previous month’s 5,580. This is an increase of 3,686 compared to 3,908 in August of last year.
In terms of districts, Gangseo had the most corporate owners at 2,611, followed by Gangdong with 840, Songpa with 657, Jongno with 593, and Mapo with 485.
The number of foreign owners was recorded at 234, a decrease of 181 from the previous month’s 415. Compared to last year’s 238 in August, this is a decline of 4.
By district, Guro District had the highest number of foreign owners at 32, followed by Seocho with 29, Gangnam with 22, Gangdong with 16, and Gangseo with 13.
A representative from Jipum stated, "In August 2026, the number of domestic and corporate owners applying for ownership transfers in Seoul increased compared to both the same month last year and the previous month, while the number of foreign owners decreased in both comparisons."
They added, "By district, Gangdong had the most domestic owners, Gangseo had the most corporate owners, and Guro had the most foreign owners."
Additionally, on the 15th, Jipum analyzed the age distribution of sellers applying for ownership transfers (sales) of multi-unit buildings in Seoul based on data from the Supreme Court's registration information portal. Last month, there were 16,126 sellers applying for ownership transfers, with those in their 50s making up the largest group at 4,070 (25.2%), followed by those in their 60s with 3,690, 40s with 3,557, and those aged 70 and above with 2,846.
* This article has been translated by AI.
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