Seoul housing pressure deepens as lending curbs redirect apartment demand

Seoul's housing squeeze is widening across sales and rentals as tighter financial regulations weaken demand in high-end southern districts and redirect buyers toward affordable mega-complexes, early redevelopment projects and outer districts. Apartment prices rose 0.30% in the 14 districts north of the Han River versus 0.14% in the 11 southern districts, while Seoul's average apartment monthly rent reached a record ₩1.62 million in July. Villa rents rose 6.52% year over year to ₩670,000, and the median villa jeonse deposit reached a record ₩201.5 million as apartment jeonse listings dwindled and non-apartment construction contracted. Ownership transfers from forced auction sales reached a record 3,854 from January through July, adding downside pressure to the broader market.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.