Apartment Jeonse Prices Climb Faster Than Sale Prices Across Korea This Year

Apartment jeonse prices across South Korea have reportedly risen much faster than apartment sale prices so far this year. Yonhap News said the shortage of available jeonse units has continued, with the increase in lease prices standing out across the national market, including the Seoul metropolitan area, compared with gains in purchase prices. The trend indicates that limited supply relative to jeonse demand is being reflected in prices. As lease prices outpace sale-price growth, attention may increase on housing-cost pressure for tenants and instability in the jeonse market. This article cites reporting from yna.co.kr.