Average House  Worth in Seoul Surpasses W500 Million

Average House Worth in Seoul Surpasses W500 Million

The moderatehousevalue in Seocho and Gangnam districts of southern Seoul has surpassed W1 billion (US$1=W1,124). Genuine estate portal Budongsan 114 on Sunday acknowledged the average dwelling housecharge in Seocho reached W1.01 billion, the perfect in the capital, and in Gangnam W1 billion to rank second#.In your entire of Seoul the average domestic price surpassed W500 million as of ultimate month to achieve a five-year high. The cost is 4.4 times upper than in South Jeolla Province (W115 million).

Kim Eun-jin at Budongsan 114 said, "Home costshad beenemerging since the 2nd onepart of last year, basically in the Gangnam area, because ofnumerouscondoreworking and new houses that were built lower than five years ago coming at the market". At the leading edge of the spikes were homes in Seocho and Gangnam districts, followed via Yongsan (W952 million), Songpa (W714 million), Jung (W561 million) and Mapo (W531 million). The average home price in Gyeonggi Province surrounding Seoul stood at W275 million to rank at moment in the country, followed by Busan (W239 million), Ulsan (W226 million) and Daegu (W209 million).

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