Property Prices in Busan, South Korea

Index Info
Price to Income Ratio: 15.55
Mortgage as Percentage of Income: 119.19%
Loan Affordability Index: 0.84
Price to Rent Ratio - City Centre: 78.16
Price to Rent Ratio - Outside of Centre: 107.18
Gross Rental Yield (City Centre): 1.28%
Gross Rental Yield (Outside of Centre): 0.93%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 557,142.86 ₩ 450,000.00-650,000.00
Apartment (1 bedroom) Outside of Centre 366,666.67 ₩ 300,000.00-500,000.00
Apartment (3 bedrooms) in City Centre 1,287,500.00 ₩ 850,000.00-2,500,000.00
Apartment (3 bedrooms) Outside of Centre 875,000.00 ₩ 700,000.00-2,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 995,385.23 ₩ 603,864.73-1,673,201.29
Price per Square Feet to Buy Apartment Outside of Centre 913,361.44 ₩ 341,238.76-1,714,404.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,302,865.72 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.61 3.25-6.04

These data are based on 58 entries in the past 18 months from 10 different contributors.
Last update: April 2024

Sources and References
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2 Comments so far
Anonymous on Feb 24, 2024:
Ronald Brown - did you ever find someone to be a caretaker for your house in Busan?
Ronald Brown on Mar 15, 2021:
Interested in buying 3-bedroom furnished House in or near Busan! Need pricing and information? Modern, decent building lower cost to purchase? Also interested in finding Responsible person to live in this property to be a caretaker on my behalf as I live in USA and may not be traveling to South Korea for several years? College age or single parent accepted if suitable! Thank you.