Seoul Rental Prices Surge
Past coverage from 0 countries · Last active May 23, 2026
This topic isn't active right now. Last covered May 23, 2026. See today's headlines.
Seoul's apartment jeonse (lump-sum deposit) and monthly rent prices have hit record highs for the eighth consecutive month. In response, South Korea plans to supply 66,000 homes in the Seoul metropolitan area, while apartment sales prices saw a slight decrease in March.
South Korea to Supply 66,000 Homes Amidst Soaring Seoul-Area Rents
- South Korea's capital region, Seoul and Gyeonggi Province, is experiencing a surge in jeonse (lump-sum deposit) and monthly rent prices. - In response, the government plans to supply 66,000 homes through the 'purchased lease' system to stabilize the rental market. - This initiative aims to alleviate the burden on tenants facing rapidly increasing housing costs.
March Seoul apartment rents rise for 8th consecutive month; prices hit record high
- Seoul's apartment sale prices temporarily declined by 0.28% in March compared to the previous month, attributed to multi-homeowners selling properties. - Despite the monthly dip, sale prices are up …
Seoul Apartment Jeonse Prices Hit Record High for Eighth Straight Month
- Seoul's apartment jeonse (lump-sum deposit) prices reached a record high in March, marking the eighth consecutive month of increases. - The average jeonse price for Seoul apartments rose by 1.36% co…
Seoul Apartment Sales Prices Turn Downward in March; Rents Widen Gains
- In March, Seoul's apartment sales prices decreased by 0.28% compared to the previous month, marking a shift from previous increases. - Conversely, the rental prices for apartments in Seoul saw a sig…
