Seoul Apartments in 'National Standard Size' See Nearly 20% Price Drop in Q1 2026

Seoul's real estate market is showing a significant downturn, particularly for apartments in the 'national standard size' range of 84-85 square meters. According to the latest '2026 1st Quarter Apartment Dabang Map of Korea' report released by real estate information platform Dabang, the average sale price for these popular units has dropped by nearly 20% compared to the first quarter of last year. This sharp decline indicates a cooling market and may signal broader economic pressures affecting property values.

The 'national standard size' is a particularly sensitive segment of the market, often representing first-time homebuyers and middle-class families. A substantial price decrease in this category suggests that affordability is becoming a more significant factor, or that demand has weakened considerably. This trend could have ripple effects across the housing market and impact consumer confidence.

While the report focuses on Seoul, the implications could extend to other major cities in South Korea. The data provides a crucial snapshot for potential buyers, sellers, and policymakers seeking to understand the current dynamics of the housing market. Further analysis will be needed to determine the long-term trajectory and the specific economic factors contributing to this notable price correction.