Property Prices in Busan, South Korea

Index Info
Price to Income Ratio: 16.66
Mortgage as Percentage of Income: 123.53%
Loan Affordability Index: 0.81
Price to Rent Ratio - City Centre: 66.94
Price to Rent Ratio - Outside of Centre: 93.24
Gross Rental Yield (City Centre): 1.49%
Gross Rental Yield (Outside of Centre): 1.07%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre ₩965,714.29 700,000.00-1,220,000.00
1 Bedroom Apartment Outside of City Centre ₩489,750.00 459,000.00-650,000.00
3 Bedroom Apartment in City Centre ₩1,775,000.00 1,500,000.00-2,550,000.00
3 Bedroom Apartment Outside of City Centre ₩954,500.00 900,000.00-1,650,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre ₩1,322,754.20 767,082.87-2,670,132.36
Price per Square Feet to Buy Apartment Outside of Centre ₩960,066.25 341,238.76-1,822,911.56
Salaries And Financing
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Average Monthly Net Salary (After Tax) ₩3,687,260.16
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.22 3.25-6.04

These data are based on 54 entries from 10 contributors over the past 18 months.
Last update: 4 May 2026

Sources and References
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3 Comments so far
Anonymous on Oct 30, 2024:
Skorea is very popular especially european young people, so you easily found the answer on internet search and others.
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.