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Property Prices in South Korea

Index Info
Price to Income Ratio: 13.84
Mortgage as Percentange of Income: 95.49%
Loan Affordability Index: 1.05
Price to Rent Ratio - City Centre: 55.16
Price to Rent Ratio - Outside of Centre: 46.60
Gross Rental Yield (City Centre): 1.81%
Gross Rental Yield (Outside of Centre): 2.15%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 640,761.71 ₩ 400,000.00-1,100,000.00
Apartment (1 bedroom) Outside of Centre 419,030.98 ₩ 270,000.00-600,000.00
Apartment (3 bedrooms) in City Centre 1,441,176.13 ₩ 800,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 942,033.27 ₩ 550,000.00-1,600,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 796,804.95 ₩ 458,216.84-1,469,910.77
Price per Square Feet to Buy Apartment Outside of Centre 440,154.89 ₩ 229,108.42-836,120.40
Salaries And Financing [ Edit ] Avg.
Average Monthly Net Salary (After Tax) 2,405,641.37 ₩
Mortgage Interest Rate in Percentages (%), Yearly 3.41 3.00-4.00

These data are based on 370 entries in the past 18 months from 69 different contributors.
Last update: April, 2017
Our data for each country are based on all entries from all cities in that country.

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Property Prices in this country for some cities: Busan, Daegu, Incheon, Seoul

We would like to gather more data for: Andong, Anseong-si, Boryeong, Changwon, Cheongju, Chinhae, Chungju, Dae-dong Gyeongsan-si, Dongducheon, Donghae, Gangneung, ... Update information for South Korea!