Real Estate
Seoul Luxury Home Prices Soar 25% in a Year...10 Times Higher Than Global Average
While OECD and BIS statistics showed South Korea's housing price increases lower than major countries, the situation was significantly different when looking solely at Seoul's luxury homes. In a Knight Frank survey, Seoul recorded the second-highest rate of increase among major global cities, following Tokyo. This is analyzed as a result of multiple factors including a surge in high-end housing centered on the Gangnam 3 districts and the Han River Belt, the statistical bias caused by underperformance in non-Seoul metropolitan areas, and limitations of sample survey methodologies.
2026.08.03
Seoul Average Housing Prices Remain Stable…Luxury Home Price Increases Rank Among World's Highest
While Korea's overall national and Seoul average housing price appreciation rates show relatively stable trends compared to major countries, Seoul's luxury housing market has recorded price increases among the world's highest levels. Analysis suggests that the sharp surge in luxury housing prices centered on Seoul's Gangnam district and the Han River belt is showing a significant gap from overall averages, intensifying polarization in the housing market.
2026.08.02
Consumer Sentiment Improves for 3 Consecutive Months...Housing Price Outlook Reaches Highest Level in 4 Years and 10 Months
Consumer sentiment has shown improvement for three consecutive months, supported by semiconductor-led exports and rising wage expectations despite burdens from inflation and stock market declines. While households' perspectives on living conditions and income outlook improved somewhat, current economic sentiment deteriorated. Housing price expectations surged significantly, with housing price outlook reaching its highest level in 4 years and 10 months.
2026.07.28