Seoul apartment prices are rising frequently... the Gyeonggi balloon effect is also calming down [Zip Schlin]

Seoul apartment prices are rising frequently after more than a month of applying measures 10·15, which binds all of Seoul into land trade license zones. The balloon effect I was worried about also seems to have calmed down.

According to the Korea Real Estate Agency's apartment price trend for the first week of December on the 4th, Seoul apartment sales prices rose 0.17% in one week, reducing the increase by 0.01% points compared to Jeonju (0.18%).

Seoul apartment prices have been moving sideways since the 10·15 real estate measures. It recorded an increase of 0.5% on the 20th of last month, showing an increase of 0.23% → 0.19% → 0.17% for 3 weeks after changing the all-time high record. It rebounded last week with an increase of 0.20%, but the slope gradually moderated as it recorded 0.18% → 0.17% for the next 2 weeks.

The rise in Gangnam District 3 declined all at once. Apartment prices in Songpa-gu rose 0.33% from Jeonju, and the increase decreased by 0.06 percentage points. The rise in Gangnam-gu declined from 0.23% to 0.19%, and Seocho-gu decreased from 0.22% to 0.21%. Mapo-gu and Seongdong-gu also rose 0.16% and 0.26%, respectively, and their gains decreased by 0.02 percentage points and 0.06 percentage points compared to Jeonju. However, Yongsan-gu increased its upward trend slightly by 0.35%.

The Nowon, Dobong, and Gangbuk regions also continued to be undersupported. The rate of increase in apartment prices in Gangbuk-gu and Nowon-gu was 0.03% and 0.05%, respectively, down 0.01% points from Jeonju. Dobong-gu rose 0.02%.

The balloon effect is also calming down. The rate of increase in apartment prices in Hwaseong City, which once surged 0.36% in just one week and emerged as the epicenter of the balloon effect, reached 0.01% this week, and Guri City also rose 0.18%, halving the rate of increase compared to Jeonju (0.31%). In addition, Bundang-gu in Seongnam rose 0.33%, reducing the increase by 0.11%, and Gwacheon-si in Gyeonggi rose 0.45%, increasing the increase by 0.13% compared to Jeonju.

? Seoul apartment prices are rising frequently... Gyeonggi's balloon effect is also calming down [Zip Schlin]