Property Prices in South Korea

Index
Price to Income Ratio:	23.61
Mortgage as Percentage of Income:	163.13%
Loan Affordability Index:	0.61
Price to Rent Ratio - City Centre:	97.09
Price to Rent Ratio - Outside of Centre:	79.61
Gross Rental Yield (City Centre):	1.03%
Gross Rental Yield (Outside of Centre):	1.26%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	654,333.23 ₩	400,000.00-1,200,000.00
Apartment (1 bedroom) Outside of Centre	460,643.40 ₩	300,000.00-889,150.44
Apartment (3 bedrooms) in City Centre	1,703,797.33 ₩	800,000.00-3,500,000.00
Apartment (3 bedrooms) Outside of Centre	1,038,897.92 ₩	600,000.00-1,800,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,546,571.21 ₩	557,413.60-2,601,263.47
Price per Square Feet to Buy Apartment Outside of Centre	827,916.16 ₩	281,493.87-1,393,534.00
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	2,706,170.66 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.42	2.50-4.50

These data are based on 737 entries in the past 18 months from 114 different contributors.
Last update: March 2021
Our data for each country are based on all entries from all cities in that country.

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