As of the second week of July, prices climbed 0.24 percent from the previous week, the highest weekly gain since 2018.
The average price per square meter for new apartments in Seoul has surpassed 40 million won, a 31 percent increase compared to the same period last year.
![Visitors look at the cityscape in Namsan Seoul on July 16 2024 AJU PRESS Kim Dong-woo](https://image.ajunews.com/content/image/2024/07/16/20240716161927758897.jpg)
![A view of a Seoul apartment building from Namsan Seoul on July 16 2024 AJU PRESS Kim Dong-woo](https://image.ajunews.com/content/image/2024/07/16/20240716162937242376.jpg)
![A visitor takes a photo cityscape in Namsan Seoul on July 16 2024](https://image.ajunews.com/content/image/2024/07/16/20240716163113382863.jpg)
![A view of an apartment in downtown Seoul on July 16 2024 AJU PRESS Kim Dong-woo](https://image.ajunews.com/content/image/2024/07/16/20240716163436947107.jpg)
![A view of an apartment in downtown Seoul on July 16 2024 AJU PRESS Kim Dong-woo](https://image.ajunews.com/content/image/2024/07/16/20240716163624509541.jpg)
![A view of an apartment in downtown Seoul on July 16 2024 AJU PRESS Kim Dong-woo](https://image.ajunews.com/content/image/2024/07/16/20240716163747104738.jpg)
![A pedestrian walks past real estate listings displayed in a window Yonhap Photo](https://image.ajunews.com/content/image/2024/07/16/20240716165315790627.jpg)