Property Prices in South Korea

Index Info
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
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Apartment (1 bedroom) in City Centre 620,088.72 ₩ 370,000.00-1,200,000.00
Apartment (1 bedroom) Outside of Centre 451,033.93 ₩ 300,000.00-1,000,000.00
Apartment (3 bedrooms) in City Centre 1,763,444.55 ₩ 700,000.00-4,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,107,854.29 ₩ 500,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,763,384.36 ₩ 603,864.73-3,251,579.34
Price per Square Feet to Buy Apartment Outside of Centre 1,025,109.18 ₩ 362,318.84-1,599,670.83
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,912,717.94 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.62 2.52-5.00

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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