In the first quarter of this year (January–March), national land prices rose 0.58%.
The Ministry of Land, Infrastructure and Transport and the Korea Real Estate Board (REB) on the 23rd released "first-quarter 2026 land price change rate and land transaction volume." The increase was 0.08 percentage points (p) higher than the same period a year earlier (0.50%). Compared with the fourth quarter of last year (0.61%), the increase narrowed by 0.03 percentage points.
National land prices have risen for 37 consecutive months since turning upward in March 2023 (0.008%).
By region, in the first quarter this year, land price increases in the greater Seoul area and in the provinces were 0.81% and 0.19%, respectively.
Among the 17 cities and provinces nationwide, Seoul (1.10%) saw a higher increase than the national average (0.58%).
By city, county and district, among 255 areas nationwide, 41, including Gangnam District in Seoul (1.50%), Yongsan District (1.31%) and Seocho District (1.26%), exceeded the national average.
In the 89 cities, counties and districts designated as population-decline areas, the land price change rate was 0.15%, which was 0.47 percentage points lower than the increase in non-designated areas (0.62%).
In the first quarter, land transaction volume (including land attached to buildings) totaled about 462,000 parcels (265.4 ㎢). Excluding land attached to buildings, pure land transaction volume was about 151,000 parcels (239.4 ㎢).
By region, compared with the fourth quarter of last year, overall land transaction volume and pure land transaction volume in the first quarter increased in five cities and provinces and decreased in 12. Among them, Sejong recorded the highest growth rates in overall land transaction volume and pure land at 41.7% and 33.6%, respectively.