Rising Home Rental Costs
5 Articles
5 Articles
Monthly rents are rising sharply, following apartment sales and Jeonse prices, centered on the outskirts of Seoul where housing prices are relatively low. Tenants who previously signed contracts with low deposits are recently reaching the expiration of their leases and, unable to afford the Jeonse prices that have risen in the meantime,
(Seoul = Yonhap News) Reporter Lim Ki-chang = In the mid-to-lower tier regions that have driven the rise in Seoul apartment prices this year, monthly rents are showing a strong upward trend alongside sales and Jeonse...
It has been found that monthly rents, as well as sales and jeonse prices, have risen sharply in the Gangbuk and suburban areas that have been leading the surge in Seoul apartment prices this year. While the number of apartment listings for sale in Seoul is piling up to nearly 80,000 and weakness and a wait-and-see attitude persist in the Gangnam area, housing costs are mounting in mid-to-lower price ranges with strong real demand, as listings fo…
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