Gangnam and Seocho fall, while Seoul’s outskirts and southern Gyeonggi keep rising

Apartment prices in Seoul’s Gangnam and Seocho districts have continued to decline for a fourth week, even as the capital’s outer areas and southern Gyeonggi maintain their upward trend.

The Korea Real Estate Board’s weekly housing-price report, released on the 3rd and based on an Aug. 31 survey, showed Seoul apartment sale prices rising by an average 0.22% from the previous week.

The increase had widened through the third and fourth weeks of August, reaching 0.22% and 0.29%, respectively, before the latest reading.