According to data analyzed by the real estate information app Zipum from the Supreme Court's registration information portal, the number of properties sold through voluntary auctions in Gyeonggi Province rose from 942 cases in May 2025 to 1,163 cases in May 2026, marking an increase of 221 cases or 23.5%.
Pyeongtaek City recorded the highest number of cases at 105, followed by Suwon's Gwonseon District with 97, Gimpo City with 93, Yangpyeong County with 85, and Namyangju City with 65.
Last year, Pyeongtaek also led with 82 cases, while Paju City and Yangpyeong County were among the top areas. This year, Pyeongtaek maintained its top position, with Suwon and Gimpo moving up in the rankings.
The most significant increase was seen in Gimpo City, which jumped from 30 cases last May to 93 this year, a rise of over threefold. Suwon's Gwonseon District also expanded from 54 to 97 cases, while Suwon's Paldal District surged from 4 to 47.
Additionally, Namyangju City increased from 30 to 65 cases, and Yongin's Cheoin District rose from 18 to 51, both showing more than double growth. The analysis indicates that voluntary auction sales are increasing, particularly in the southwestern metropolitan area and the outskirts of new cities like Gimpo and Namyangju.
Conversely, some areas experienced a decline. Yeoju City saw a drop from 39 to 6 cases, Yangju City from 50 to 26, Goyang's Ilsanseo District from 25 to 4, and Icheon City from 17 to 3. Notably, Yeoju and Goyang's Ilsanseo District reported significant decreases of 84.6% and 84.0%, respectively. This highlights a clear disparity in trends across different regions within Gyeonggi Province.
The application for ownership transfer registration due to voluntary auctions involves properties with established collateral rights being sold at auction, indicating an increase in properties reaching the auction sale stage. This trend serves as a barometer for the financial conditions of the local real estate market.
Industry experts attribute the rise in auction cases to the burden of interest payments exacerbated by high rates and economic slowdown. Many properties purchased during the price surge from 2021 to 2022 have recently reached the actual sale stage, contributing to this increase.
A representative from Zipum stated, "The number of properties sold through voluntary auctions in Gyeonggi Province has increased by 23.5% in a year, with Gimpo City seeing a threefold rise from 30 to 93 cases, highlighting notable changes in the outskirts of the metropolitan area. However, regions like Yeoju and Yangju have seen declines, indicating the need to analyze regional trends within Gyeonggi Province more closely."
* This article has been translated by AI.
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