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Seoul's real estate market continues to heat up, with apartment prices rising for ten consecutive weeks. Despite high prices,  Seoul's real estate market continues to heat up, with apartment prices rising for ten consecutive weeks. Despite high prices, including some nearing 1 billion won, demand remains strong. This blog post explores the current trends in the Seoul apartment market, factors driving the increase, and the implications for future real estate investments. Seoul Apartment Prices Surge In recent weeks, the Seoul apartment market has shown remarkable resilience and growth. According to the latest data, Seoul apartment prices have been increasing for ten consecutive weeks. In the third week of August, prices rose by 0.01%, reflecting a continuing upward trend. The price hike, initially observed in the affluent Gangnam area, has now spread to non-Gangnam districts. For instance, neighborhoods such as Eunpyeong, Gwanak, Gwangjin, Yangcheon, Dongjak, Songpa, Seongdong, ...

Recent trends in Seoul's housing market reveal a significant increase in high-end apartment transactions Recent trends in Seoul's housing market reveal a significant increase in high-end apartment transactions, with properties exceeding 15 billion KRW making up over 20% of all sales—a record high. Additionally, overall transaction volumes have surged, highlighting notable changes in the city's real estate dynamics. This article explores the recent surge in housing transactions and what the future might hold. In June, Seoul's housing transaction volume reached 10,784 cases, surpassing the 10,000 mark for the first time since August 2021. Notably, apartment transactions alone amounted to 7,362, marking the highest volume since December 2020, when transactions peaked at 7,745. Key trading areas include Songpa-gu, which led with 731 transactions, followed by Gangdong-gu (700 transactions) and Gangseo-gu (661 transactions). Gangnam-gu (595 transactions) and Seocho-gu (562 t...