Non-apartment construction starts from January to May decreased by 5.5% compared to the same period last year... The burden of housing costs increases due to the rise in jeonse and monthly rent prices.
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As the supply of non-apartments decreases, the jeonse and monthly rent prices for townhouses and multi-family houses (villas) rise simultaneously, increasing the housing burden on young people who lack funds.
As the supply of non-apartments decreases, the jeonse and monthly rent prices for townhouses and multi-family houses (villas) rise simultaneously, increasing the housing burden on young people who lack funds. According to the Ministry of Land, Infrastructure and Transport on the 17th, the number of non-apartment construction starts between January and May 2026 was 12,358, a 5.5% decrease from the same period last year (13,075 units). As of May, the number of non-apartment construction starts was only 2,655, a 15.4% decrease from the previous month (3,140 units), delaying supply recovery. The supply of non-apartment construction has decreased sharply since the aftermath of the jeonse scam. As the supply of non-apartments decreases, monthly rent prices are trending upward. During the same period, according to the Korea Real Estate Board's monthly housing price trend survey, the increase rate in jeonse prices for townhouses increased by 0.72% and monthly rents increased by 1.07%. In particular, in Seoul, the rate of increase was steep at 2.65% for jeonse and 3.02% for monthly rent. The proportion of monthly rent out of all transactions continues to increase. The proportion of non-apartment monthly rent among the cumulative monthly rent transactions from January to May this year reached 80.9%. Average over the past 5 years (63.6%
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