Property Prices in South Korea
| Index |  |
|---|---|
| Price to Income Ratio: | 20.05 |
| Mortgage as Percentage of Income: | 154.21% |
| Loan Affordability Index: | 0.65 |
| Price to Rent Ratio - City Centre: | 81.89 |
| Price to Rent Ratio - Outside of Centre: | 82.95 |
| Gross Rental Yield (City Centre): | 1.22% |
| Gross Rental Yield (Outside of Centre): | 1.21% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 681,250.00 ₩ | |
| Apartment (1 bedroom) Outside of Centre | 503,353.67 ₩ | |
| Apartment (3 bedrooms) in City Centre | 2,020,909.09 ₩ | |
| Apartment (3 bedrooms) Outside of Centre | 1,216,250.00 ₩ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,460,576.71 ₩ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 976,765.43 ₩ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,270,617.55 ₩ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.65 |
These data are based on 706 entries in the past 18 months from 133 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in South Korea
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Busan | 15.6 | 1.3 | 0.9 | 78.2 | 107.3 | 119.3 | 0.8 | |
| Daejeon | 11.2 | 1.6 | 1.6 | 63.6 | 63.0 | 79.5 | 1.3 | |
| Incheon | 17.3 | 1.5 | 1.2 | 67.5 | 80.8 | 120.6 | 0.8 | |
| Seoul | 25.6 | 1.3 | 1.4 | 75.9 | 73.6 | 204.1 | 0.5 |
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