"Oh, the rent has dropped?"...Seoul One-room Average 670,000 Won

[Financial News] The monthly rent and deposit for multi-family and studio apartments in Seoul fell in June. The average monthly rent decreased by 50,000 won and the deposit by 3.12 million won.
According to the Dabang Map on the 24th, the average monthly rent for multi-family and studio apartments in Seoul with an exclusive area of 33㎡ or less, based on a deposit of 10 million won, was 670,000 won, and the average deposit was 215.28 million won as of June. This is a decrease of 50,000 won (6.9%) in average monthly rent and 3.12 million won (1.4%) in average deposit compared to the previous month of May.
By district, the average monthly rent was highest in Gangnam-gu at 920,000 won, which is 137% of the average monthly rent. It was followed by Seongdong-gu at 134%, Gangseo-gu at 118%, Seocho-gu at 114%, Yongsan-gu at 113%, Mapo-gu at 107%, Gwangjin-gu at 102%, and Yeongdeungpo-gu at 101%, with a total of 8 areas having average monthly rents higher than the Seoul average.
In terms of deposits, Seocho-gu had the highest average deposit for six consecutive months. The average deposit in Seocho-gu was 272.55 million won, 57.27 million won (127%) higher than the Seoul average. It was followed by Gangnam-gu at 121%, Yongsan-gu at 113%, Seongdong-gu at 108%, Gwangjin-gu at 106%, Yeongdeungpo-gu at 104%, Jung-gu at 103%, and Gangdong-gu at 101%, with a total of 8 areas having average deposits higher than the Seoul average.




going@fnnews.com Choi Ga-young Reporter