Capital Region Apartment Supply to Fall 26% Next Year

-

Approximately 12,467 households are expected to move into new homes in the capital region during December. With a projected 20% decrease in housing supply for next year compared to this year, the jeonse and monthly rental markets are likely to face continued instability.

According to data from Zigbang released on the 24th, the total number of apartment move-ins nationwide for December this year is recorded at 20,077 households. This represents a 13% decline from the previous month's figure of 22,999 households. Of these, 62%—or 12,467 households—are set to be allocated in the capital region. Specifically, Gyeonggi Province will accommodate 6,448 households, while Seoul and Incheon will see 4,229 and 1,790 households respectively.

In non-capital regions, the number of households moving into new apartments is expected to decrease by 17% compared to the previous month. The total for next month stands at 7,610 households, with the Honam region accounting for a significant portion. Jeonbuk is expected to see 2,002 households, followed by 1,333 in Jeollanam. Other regions such as Gyeongnam, Gangwon, and Ulsan will have 992, 922, and 713 households respectively.

Looking ahead to 2026, the nationwide apartment move-in supply is projected to drop significantly. The estimated number of move-ins for next year is 177,407 households, which is a 26% decrease from this year’s 239,948 households. In the capital region, the supply is expected to fall from approximately 110,000 households this year to around 87,000 households in 2026.

This decline in move-in supply is anticipated to exacerbate instability in the jeonse and monthly rental markets. Typically, the start of a new move-in period leads to an increase in rental listings. However, a shortage of available housing could result in fewer listings and higher rental prices. Recent projections from the Construction and Economy Research Institute of Korea suggest that nationwide jeonse prices may rise by 4% annually next year. This would mark the highest annual increase since 2021, when jeonse prices surged by 5.1% under the Moon Jae-in administration.

Comments

Post a Comment

Popular posts from this blog

Japan Firms Leverage Satellites and AI to Locate Abandoned Homes for Sale

-
Image
The Rise of AI-Powered Real Estate Discovery in Japan In Tokyo, a growing number of Japanese companies are leveraging satellite imagery and artificial intelligence to identify abandoned houses that could be repurposed or sold. This innovative approach is becoming increasingly vital as the country faces a rising number of deserted properties due to its aging population. Where Inc., a startup, offers a service that uses AI trained on tens of thousands of images to detect signs of aging roofs, such as rust and discoloration. These findings are then overlaid on satellite maps, helping users spot properties that may have been left unattended. One of Where Inc.'s users, Kotaro Yasue, recently discovered a two-story wooden house through this service. He was able to contact the owner via a real estate registry. It turned out that the house had been neglected for over a decade, and the owner was unsure how to proceed with its disposal. Yasue, who runs a house rental service company in G...
Read more

GEN Nigeria and Others Target Indigenous Firms with New Tech Fees

-
Image
Empowering Nigerian Entrepreneurs with AI Global Entrepreneurship Network (GEN Nigeria), in collaboration with Fidelity Bank Plc and other organizations, has called on young entrepreneurs in Nigeria to embrace new technologies, particularly Artificial Intelligence (AI), in their business operations. This initiative was highlighted during the Youth Entrepreneurship Dialogue, titled “Building the Future with AI: Technology, Talent, and Transformation Entrepreneurship,” which took place at the 2025 Global Entrepreneurship Week (GEW) in Lagos. Dr. Olawale Anifowose, the Managing Director of GEN Nigeria, emphasized that AI has become essential for local enterprises in Nigeria to boost productivity, drive innovation, and enhance competitiveness. According to Anifowose, this can be achieved by automating tasks, personalizing customer experiences through data analysis, and enabling entrepreneurs to develop and scale new products and services more efficiently. Enhancing Efficiency and Produc...
Read more

I Was Healthy Until a Dirty Habit Stopped My Heart

-
Image
A Rare Case of Cannabis-Induced Cardiac Arrest in a Young, Healthy Woman A 26-year-old woman from Georgia experienced a life-threatening cardiac arrest after smoking marijuana. The incident occurred when her fiancé discovered her unconscious on the bathroom floor, prompting immediate emergency medical intervention. Upon arrival at the hospital, doctors confirmed that she had suffered a cardiac arrest, where the heart suddenly stopped beating. The woman had no known pre-existing health conditions and tested negative for heart-related issues such as arrhythmia. However, she was found to have high levels of tetrahydrocannabinol (THC), the psychoactive compound in cannabis responsible for the "high" sensation. Doctors diagnosed her with ventricular fibrillation, a severe heart rhythm disorder that prevents the heart from effectively pumping blood and oxygen throughout the body. This led to what they described as a "cannabis-induced cardiac arrest." This case has rais...
Read more