Property Prices in South Korea

Index Info
Price to Income Ratio: 25.32
Mortgage as Percentage of Income: 173.32%
Loan Affordability Index: 0.58
Price to Rent Ratio - City Centre: 102.93
Price to Rent Ratio - Outside of Centre: 83.76
Gross Rental Yield (City Centre): 0.97%
Gross Rental Yield (Outside of Centre): 1.19%
Rent Per Month
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Apartment (1 bedroom) in City Centre 668,503.56 ₩ 400,000.00-1,400,000.00
Apartment (1 bedroom) Outside of Centre 467,464.49 ₩ 300,000.00-915,392.28
Apartment (3 bedrooms) in City Centre 1,745,494.86 ₩ 850,000.00-4,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,058,474.58 ₩ 600,000.00-2,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,677,526.80 ₩ 650,315.87-2,601,263.47
Price per Square Feet to Buy Apartment Outside of Centre 885,778.68 ₩ 325,157.93-1,393,534.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,724,807.86 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.32 2.50-4.10

These data are based on 808 entries in the past 18 months from 126 different contributors.
Last update: June 2021
Our data for each country are based on all entries from all cities in that country.

Sources and References
This page in other languages:

DeutschImmobilienpreise in Südkorea
PortuguêsPreços de Imóveis na Coréia do Sul
ItalianoPrezzi delle proprietà immobiliari in Corea del Sud
FrançaisPrix de l'immobilier en Corée du Sud
EspañolPrecios de Inmuebles en Corea del Sur