Property Prices in South Korea
| Index |  |
|---|---|
| Price to Income Ratio: | 25.76 |
| Mortgage as Percentage of Income: | 181.25% |
| Loan Affordability Index: | 0.55 |
| Price to Rent Ratio - City Centre: | 111.26 |
| Price to Rent Ratio - Outside of Centre: | 96.33 |
| Gross Rental Yield (City Centre): | 0.90% |
| Gross Rental Yield (Outside of Centre): | 1.04% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 620,088.72 ₩ | |
| Apartment (1 bedroom) Outside of Centre | 451,033.93 ₩ | |
| Apartment (3 bedrooms) in City Centre | 1,763,444.55 ₩ | |
| Apartment (3 bedrooms) Outside of Centre | 1,107,854.29 ₩ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,763,384.36 ₩ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,025,109.18 ₩ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 2,912,717.94 ₩ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.62 |
These data are based on 718 entries in the past 18 months from 116 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
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