Mostly True
Seoul apartment prices have risen for an 89th consecutive week, according to data from the Korea Real Estate Board, extending one of the longest sustained upswings in the capital's housing market.
The Korea Real Estate Board's weekly price tracker shows Seoul housing values continuing to edge higher, with the latest reading marking 89 straight weeks of increases. The streak reflects persistent demand pressure in the capital, where supply remains tight relative to household demand.
The board, a government-affiliated agency that publishes weekly national housing price statistics, is the primary reference for tracking the market's direction. Its weekly figures are widely used as a benchmark for Korean real estate conditions.
While the length of the rally is not in dispute, the pace and durability of future gains remain open questions, as weekly increases have been incremental rather than sharp. Market watchers caution that extended streaks of this kind do not preclude moderation, and no official forecast of a turning point has been issued.
The claim that Seoul home prices have risen for 89 consecutive weeks is Mostly True.