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Property Prices in South Korea

Index Info
Price to Income Ratio: 12.62
Mortgage as Percentange of Income: 87.28%
Loan Affordability Index: 1.15
Price to Rent Ratio - City Centre: 49.73
Price to Rent Ratio - Outside of Centre: 41.31
Gross Rental Yield (City Centre): 2.01%
Gross Rental Yield (Outside of Centre): 2.42%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 642,401.74 ₩ 400,000.00-1,100,000.00
Apartment (1 bedroom) Outside of Centre 425,254.24 ₩ 280,000.00-700,000.00
Apartment (3 bedrooms) in City Centre 1,523,340.80 ₩ 900,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 974,802.61 ₩ 550,000.00-2,000,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 740,074.18 ₩ 443,689.77-1,393,534.00
Price per Square Feet to Buy Apartment Outside of Centre 399,923.56 ₩ 221,844.88-743,218.13
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 2,430,684.42 ₩
Mortgage Interest Rate in Percentages (%), Yearly 3.43 3.00-4.50

These data are based on 351 entries in the past 18 months from 65 different contributors.
Last update: February, 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, Incheon, Jeju, Seoul

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