Apartment Jeonse Prices Outpace Home Sale Gains This Year

Apartment jeonse price growth across South Korea, including the Seoul metropolitan area, has reportedly far exceeded the rise in apartment sale prices so far this year. The trend comes as a shortage of apartment jeonse supply continues, allowing rental demand to push prices higher. Sale prices have also risen, but the pace of jeonse price growth has stood out more clearly, adding pressure to the housing market. If the shortage of jeonse listings persists, tenants may continue to face heavier housing-cost burdens and market unease could remain in focus. Source: yna.co.kr