South Korea's condominium market rises for 11 consecutive weeks, but the pace is slowing down

South Korea's condominium market has been rising for 11 consecutive weeks, but the pace of increase is slowing. Apartment price trends for the fourth week of September (based on the 25th) announced on the 28th by the Korean Real Estate Institute, a government agency.
According to the report, buying and selling prices nationwide increased by 0.07% from the previous week. The pace of increase was slower than the previous week (0.10%). In the capital Seoul, prices rose by 0.10%, but the rate of increase continued for the second consecutive week.
I felt depressed. Although the pace of increase expanded in some areas in the southwest of Seoul, the overall trend was sluggish. Guro (0.04% → 0.09%), Geumcheon (0.09% → 0.12%), Yeongdeungpo (0
.14% → 0.19%) and Gwandake (0.04% → 0.10%). Gyeonggi-do (0.14%) in the metropolitan area was lower than the previous week (0.21%). In Gyeonggi-do, Gwacheon rose by 0.40%.
However, the rate of increase has slowed down compared to the previous week (0.43%), and the rate in Sujeong-ku, Seongnam City has also slowed down from 0.43% last week to 0.31% this week. Incheon City (0.05%) in the same metropolitan area also increased last week (0.1%).
1%), the pace of increase has been cut in half. In regional areas, Daejeon City (0.10%), Gyeongsangbuk-do (0.10%), and Chungcheongnam-do (0.04%) remained unchanged from the previous week, but Sejong City
(0.05%), Daegu (0.04%), Ulsan (0.05%), Gangwon-do (0.04%), and Gwangju (0.01%), the pace of increase slowed. Jeollanam-do (0.03% decrease) and Jeju
Prices decreased in Province (down 0.03%) and Busan City (down 0.01%). Cheonse (cheonse/Korea's unique rental housing system, in which a large deposit is paid when moving in) prices rose by 0.11% nationwide
It has been up for 10 consecutive weeks. However, the pace of increase was slower than last week (0.13%). Seoul city (0.20% → 0.17%), the metropolitan area (0.24% → 0.22%), and rural areas (0.
03% → 0.02%) had similar trends.