Jeonse key money dipping in month-to-month comparisonsJeonse prices, or long-term housing deposits, inched up slightly last month compared to a year ago. According to the Ministry of Land, Transport and Maritime Affairs, the jeonse trade was up 1.6 percent from a year earlier to 118,100 trades. However, compared to April’s figure of 123,000, jeonse trades fell nearly 4 percent. On-month trading of jeonse apartments and houses continued to fall since March.
Jeonse trades in the first five months of this year amounted to 582,600, which is 0.9 percent less than the same period in 2011. Jeonse trades in Seoul and neighboring Gyeonggi last month went up. Jeonse trades in Seoul were up 3.1 percent from a year earlier to 38,700, while jeosne trades in Gyeonggi increased 2.2 percent to 80,400. The jeonse trade in the provincial areas, however, barely moved, gaining 0.4 percent to 37,700.
Jeonse trades in the top three districts in terms of price in southern Seoul fell. In the three districts - Seocho, Songpa and Gangnam - jeonse trades shrunk 0.7 percent compared to a year ago.
More in Economy
Profit-sharing concept hits brick wall of Korea Inc.
New high-rise construction expected around subways
June 1 property tax increases are happening as planned
It's a good time to give away residences