In Feb. this year, Seoul apartment prices widened their gains, marking a 21st straight month of increases.
According to the Feb. nationwide dwellings price trends released by KB Real Estate on the 2nd, as of the 9th before the Lunar New Year holiday, last month's apartment sale prices in Seoul rose 1.34%, climbing for the 21st consecutive month.
Seoul's apartment price growth slowed from 1.72% in Nov. last year to 1.06% in Dec. and 0.87% in Jan. this year, before rising again in Feb.
By district, Gwanak (2.68%), Gangseo (2.48%), and Seodaemun (2.45%) posted increases of more than 2%.
In the greater Seoul area excluding Seoul, apartment prices in Gyeonggi Province and Incheon rose 0.54% and 0.09%, respectively, last month, marking nine and four consecutive months of increases.
In Gyeonggi, regulated area (adjustment target area·overheated speculative district) jurisdictions of Gwangmyeong (2.56%), Dongan District in Anyang (2.54%), Bundang District in Seongnam (2.39%), Suji District in Yongin (2.36%), Jungwon District in Seongnam (2.20%), and Hanam (2.10%) recorded gains in the 2% range.
Nationwide apartment prices rose 0.40%. The increase for the entire greater Seoul area was 0.71%. In the five major metropolitan cities (Gwangju, Daejeon, Daegu, Ulsan, and Busan) and other regions (the eight provincial areas), apartment prices were found to have risen 0.12% and 0.09%, respectively.
Last month, apartment jeonse prices rose 0.37% nationwide, 0.51% in the greater Seoul area, 0.32% in the five metropolitan cities, and 0.16% in other regions. In the greater Seoul area, Seoul (0.59%) saw the largest increase in jeonse prices, followed by Gyeonggi (0.49%) and Incheon (0.46%).