Metropolitan apartment prices have increased by an average of 6.7% annually over the past 25 years.

The maximum increase during the rising period was up to 29.2%, while the decrease during the falling period was minimal, ranging from 1 to 3%.,

Provided by Real Estate Info,
, ‘It was found that apartment prices in the Seoul metropolitan area rose by an average of 6.7% annually over the past 25 years.’,
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, “This analysis is based on data from the ‘KB Real Estate Housing Price Trends Survey’ conducted by Real Estate Info.”,
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, ‘On the 16th, Real Estate Info stated, “Since the release of statistics in 1999, apartment prices in the Seoul metropolitan area have risen for 18 years and declined for 7 years.”‘,
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, ‘In particular, when prices increased, the magnitude of the increase was large, but when they decreased, the relative decline was small.’,
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, ‘Among the 18 years of rising prices in the Seoul metropolitan area, there were only 6 years where double-digit price increases were observed.’,
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, ‘In 2002, the price increase rate at the end of the previous year was as high as 29.2%, which was attributed to the relaxation of government regulations at the time coinciding with the recovery of the economy post the foreign exchange crisis.’,
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, ‘On the other hand, when prices fell, the decline was typically limited to 1-3%. The year with the largest price drop for Seoul metropolitan area apartments was last year, recording an 8.0% decrease.’,
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, ‘If an apartment in the Seoul metropolitan area was purchased in January 2020 and held until January of this year, the price was found to have increased by an average of 1.22 times.’,
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, ‘Furthermore, if purchased in January 2010, the price increased by 1.39 times, and if bought in January 2015, it increased by 1.48 times.’,
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, ‘Kwon Il, head of the Real Estate Info research team, emphasized, “Although setbacks often occur in the domestic real estate market, a clear upward trend can be seen in the long term.”‘,
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