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Seoul apartment prices are still rising, but the momentum is fading fast. Gangnam's decline is widening, the Han River belt is cooling, and listings have reached nearly 80,000.
Weekly data from the Korea Real Estate Board shows Seoul prices rose just 0.07 percent, down from a 0.16 percent peak last October. Gangnam and Seocho have now fallen for six straight weeks, while Gyeonggi continues to climb. Rent pressure remains strong, and analysts say it is too early to call a structural downturn.

Sources:
- Seoul Apartment Price Gains Slow Across Gangnam and Han River Belt — Seoul Economic Daily, 2026-11-05
- Gangnam Slowdown Spreads to Han River Belt as Housing Momentum Fades — Seoul Economic Daily, 2026-11-05
- Seoul Apartment Prices Still Rising but Losing Steam, Gangnam Falls — Seoul Economic Daily, 2026-11-05

AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance.
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00:00before you sign anything in korea's property market the numbers just moved and not in one direction seoul's apartment price
00:07gains slowed for a third straight week gangnam's decline is widening and the han river belt is cooling too fewer
00:13buyers more listings something is shifting it's friday november sixth
00:18let's look at what's happening in korea's property market the latest weekly data from the korea real estate board shows
00:24seoul apartment prices rose just 0.07 percent last week that is down from 0.09 percent the week before
00:31and well below the 0.16 percent peak last october meanwhile gangnam goo and seochogu have now fallen for six
00:39straight weeks here's what the numbers show gangnam goo fell 0.39 percent seochogu dropped 0.37 percent
00:47and seongpa goo slipped 0.17 percent gangnam's decline is accelerating while mapo goo still rose 0.25 percent seoul
00:56apartment listings have reached nearly 80 000 while september trading volume fell 56 percent from may seongdong goo saw transactions
01:04drop 85.9 percent year on year jean's rents by contrast rose 0.17 percent outpacing the sale price gain
01:13tight rental supply is keeping pressure on the lease market
01:16yanggi province tells a different story so what does this mean for buyers weighing a purchase this year for buyers
01:21the window to negotiate is opening in gangnam but the rent to buy calculation is not simple tight rental supply
01:28means sellers have little reason to cut asking prices sharply in the lower priced residential zones the han river belt
01:34is losing momentum yet demand for affordable neighborhoods remains steady watch for shifts in listing volume and transaction counts
01:41before assuming a sustained downturn earlier we said sol's price gains were slowing across the board here's what that actually
01:47means for you slower gains do not automatically mean lower prices watch the listing data the transaction counts and the
01:54rent trend together before making a move what to watch listing volume transaction counts and the jionze rent trend over
02:02the coming weeks that's today's ai prism real estate this episode was produced
02:07with ai assistance based on seoul economic daily reporting ai prism is a juan ifra award-winning series we'll be
02:14back tomorrow

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