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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, ...

Recently, the Seoul apartment market has been experiencing a significant surge in prices Recently, the Seoul apartment market has been experiencing a significant surge in prices, driven by the Gangnam 4 districts (Songpa, Gangnam, Seocho, Gangdong) and the Ma-Yong-Seong areas (Mapo, Yongsan, Seongdong). Over the past three months, the number of record-high transactions in Seoul has exceeded 1,400. This blog post explores the current trends in Seoul’s apartment market, highlights key areas with record high prices, and provides an outlook for the future. In the past three months, the Gangnam 4 districts and the Ma-Yong-Seong areas have been leading the price surge in Seoul’s apartment market. During this period, the number of transactions surpassing previous record highs has exceeded 1,400, with more than half of these occurring in the Gangnam 4 districts and the Ma-Yong-Seong areas. Notably, the high-end development 'Nine One Hannam' in Yongsan’s Hannam-dong has seen prices exce...