[REVISION HISTORY]

Seoul housing market shifts toward mid-to-low priced areas

Updated 23 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-05 02:21 UTC → 2026-10-11 10:08 UTC · added ~~removed~~

Seoul housing market shifts ~~amid tax reform and demand moves~~ toward mid-to-low priced areas

Seoul’s housing market ~~continues to face volatility driven by supply shortages~~ is experiencing a pronounced decoupling between high-end districts and mid-to-low-priced peripheral areas. Following the August 3 tax ~~reforms. A significant disconnect persists between government policy~~ reform and ~~market reality; for instance, deposit requirements for~~ the ~~‘Mirinae House’ rental program~~ implementation of the ‘10·15 real estate measures’, demand has shifted toward more affordable housing. Tiered mortgage limits, which restrict loan amounts based on property value, have ~~exceeded~~ made acquiring expensive homes in prime locations difficult, pushing buyers toward properties under 1 billion ~~won in several Gangnam complexes, while~~ won. In the ~~asset eligibility threshold has remained largely stagnant. Market momentum has intensified,~~ third quarter, first-time buyers of multi-unit buildings rose by 35.9% year-on-year, with ~~apartment sales prices~~ individuals in ~~Seoul rising~~ their 30s accounting for 85 consecutive weeks, matching a historical record. A ‘triple strength’ trend has emerged where sales, Jeonse, and monthly rent prices rise simultaneously, driven by high demand and decreasing new supply. While affluent 52.2% of these purchasers. Gangdong District saw the most significant growth in this segment. Conversely, the Gangnam three districts ~~like Gangnam,~~ (Gangnam, Seocho, and ~~Songpa~~ Songpa) have seen ~~sales price declines as~~ a sharp increase in listings, with apartment inventory rising by nearly 10,000 units over the past year. This influx is attributed to long-term owners seeking to realize gains and mitigate tax ~~burdens, non-Gangnam~~ burdens. Price trends reflect this divergence. While high-demand areas like ~~Gangbuk continue~~ Gangnam and Seocho have seen modest growth or recent declines, peripheral districts have seen significant surges. For instance, Seongbuk-gu, Seodaemun-gu, and Gangseo-gu reported price increases exceeding 14% compared to ~~see rising prices. Following~~ the ~~August 3 tax reform,~~ period following last year's measures. Market volatility is further compounded by a ~~decoupling effect has become more pronounced:~~ tightening rental market; Jeonse (lump-sum deposit) listings in Seoul have dropped by 13%, increasing the housing cost burden for residents. Meanwhile, transactions for properties valued at 1.5 billion won or less ~~have reached approximately 79% of all Seoul trades, while high-end transactions exceeding 2.5 billion won have declined from 8.3%~~ continue to 5.8%. Demand is increasingly shifting toward the mid-to-low priced market, aided by low-interest government policy loans for first-time homebuyers. Transactions for apartments under 1 billion won now account dominate, accounting for ~~55.9%~~ approximately 79% of all Seoul trades, with a notable surge in properties priced below 600 million won. In October, nationwide apartment occupancy is expected to hit a yearly high with 19,178 units scheduled for move-in, including 11,237 in the Seoul metropolitan area. However, experts suggest this surge may have limited impact on stabilizing overall price volatility. Meanwhile, Incheon shows divergent trends, with falling sales prices alongside rising rental costs. trades.

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