Seoul apartment jeonse deposits rose 7.6% in the first quarter (January-March) from a year earlier, with increases in 24 of the city’s 25 districts, excluding Jongno, according to a report released by real estate information platform Dabang.
Dabang said its Q1 2026 “Dabang Yeojido” data put the average jeonse deposit for an 84-square-meter apartment in Seoul at 710.68 million won, up from 660.64 million won in the first quarter of last year.
The average sale price for an 84-square-meter apartment in Seoul was 1.19476 billion won, down 293.71 million won, or 19.7%, from the first quarter of 2025.
Seocho District had the highest average jeonse deposit at 1.09906 billion won, 388.38 million won above the Seoul average, or 155% of it. Other districts above the citywide average included Gangnam (142%), Songpa (126%), Jongno (120%), Seongdong (114%) and Mapo (112%), with 10 districts in total exceeding the average.
Seocho also posted the highest average sale price, at 2.86190 billion won, 1.66714 billion won above the Seoul average, or 240% of it. A total of 12 districts were above the citywide average, including Gangnam (233%), Songpa (181%), Yongsan (180%), Seongdong (151%) and Gwangjin (148%).
Gwangjin recorded the biggest year-on-year increase in sale prices, with the average rising 256.91 million won, or 17.0%. Gangdong saw the largest increase in jeonse deposits, up 114.16 million won, or 19.8%.
* This article has been translated by AI.
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