Property Prices in Busan, South Korea

Index Info
Price to Income Ratio: 12.26
Mortgage as Percentage of Income: 85.00%
Loan Affordability Index: 1.18
Price to Rent Ratio - City Centre: 37.18
Price to Rent Ratio - Outside of Centre: 71.49
Gross Rental Yield (City Centre): 2.69%
Gross Rental Yield (Outside of Centre): 1.40%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 531,250.00 ₩ 450,000.00-700,000.00
Apartment (1 bedroom) Outside of Centre 417,142.86 ₩ 300,000.00-600,000.00
Apartment (3 bedrooms) in City Centre 1,420,000.00 ₩ 800,000.00-2,000,000.00
Apartment (3 bedrooms) Outside of Centre 900,000.00 ₩ 700,000.00-1,300,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 487,736.90 ₩ 371,609.07-2,043,849.87
Price per Square Feet to Buy Apartment Outside of Centre 658,493.11 ₩ 278,706.80-1,658,498.62
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 2,515,907.13 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.46 3.00-3.70

These data are based on 62 entries in the past 18 months from 12 different contributors.
Last update: January 2021

Sources and References
Sign up for our newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

0 Comments so far