Property Prices in South Korea

Index Info
Price to Income Ratio: 19.71
Mortgage as Percentage of Income: 148.94%
Loan Affordability Index: 0.67
Price to Rent Ratio - City Centre: 83.14
Price to Rent Ratio - Outside of Centre: 86.95
Gross Rental Yield (City Centre): 1.20%
Gross Rental Yield (Outside of Centre): 1.15%
Rent Per Month
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Apartment (1 bedroom) in City Centre 643,846.15 ₩ 400,000.00-1,500,000.00
Apartment (1 bedroom) Outside of Centre 475,642.08 ₩ 300,000.00-850,000.00
Apartment (3 bedrooms) in City Centre 2,043,103.45 ₩ 900,000.00-4,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,203,272.73 ₩ 600,000.00-2,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,457,599.65 ₩ 557,413.60-2,787,068.00
Price per Square Feet to Buy Apartment Outside of Centre 991,290.02 ₩ 360,460.80-1,727,912.72
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,342,955.56 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.44 3.00-6.00

These data are based on 715 entries in the past 18 months from 130 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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