Last year, nationwide land prices were found to have risen by more than 2%. Seoul rose 4.02% and Gyeonggi rose 2.32%, respectively.
According to the results of the "2025 annual land price change rate and land transaction volume" survey released on the 26th by the Ministry of Land, Infrastructure and Transport and the Korea Real Estate Board (REB), last year's nationwide land prices rose 2.25% for the year. The annual increase was 0.10 percentage point higher than in 2024 (2.15%) and 1.43 percentage points higher than in 2023 (0.82%). Nationwide land prices turned upward in March 2023 (0.008%) and have risen for 34 consecutive months, with the pace of increase accelerating for five straight months since July last year.
By region, the greater Seoul area rose 3.08% for the year, higher than the previous year (2.77%), while non-capital regions (0.82%) saw a lower increase than the previous year (1.10%). Including Seoul (4.02%) and Gyeonggi (2.32%), 44 of the nation's 252 cities, counties, and districts posted increases higher than the national average. Specifically, Seoul's Gangnam District (6.18%) was the highest, and Yongsan District (6.15%) and Seocho District (5.19%) were also among the top performers.
Of all cities, counties, and districts, 200 were distributed in the 0.00–2.40% change range, and the capital area showed a steeper rise than non-capital regions. In the 89 cities, counties, and districts classified as population-decline areas, the land price change rate was 0.63%, lower than in non-designated areas (2.39%). The fourth-quarter land price change rate was 0.61%, 0.03 percentage point higher than the previous quarter (0.58%) and 0.05 percentage point higher than the same period a year earlier (0.56%).
By zoning, commercial areas (2.62%) within urban zones, and by use, commercial land (2.59%) posted relatively higher increases. Last year, the total land transaction volume, including building appurtenant land, was about 1,831,000 lots (1,110 ㎢), down 2.4% from the previous year. Compared with 2023, it rose 0.3%. The pure land transaction volume, excluding appurtenant land, was about 602,000 lots (1,007.9 ㎢), down 8.8% from the previous year, a larger decline. Compared with 2023, it fell 15.2%.
By region, annual total land transaction volume increased in four metropolitan and provincial areas: Seoul (17.4%), Ulsan (11.1%), Sejong (7.7%), and Busan (6.1%). Pure land transaction volume increased in three regions: Gwangju (12.9%), Seoul (12.2%), and Busan (9.7%).
By zoning, development-restricted areas (49.4%); by land category, other (1.9%); and by building use, residential (3.6%) showed relatively higher increases.