Gwangju's apartment prices have continued to decline, falling 0.09% in the second week of June, the largest drop among South Korea's 17 major cities. This contrasts with the national average, which has seen an increase.
Seoul apartment prices rose 0.25% for the second week, driven by mid-to-lower tier areas and new/large complexes. Rental prices surged 0.29%, with cumulative annual gains nearly six times last year's. Areas near semiconductor hubs in southern Gyeonggi, like Hwaseong, showed notable strength.
Busan's apartment sale prices remained stable this week, showing no change after a period of fluctuations. However, jeonse (lump-sum deposit) prices continued their 22-month upward trend, increasing by 0.08%. Experts predict similar trends until the fall moving season, with potential for further increases in desirable areas.
