Property Prices in South Korea

Index Info
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
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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
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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
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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.

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