Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 20.44
Mortgage as Percentange of Income: 143.77%
Loan Affordability Index: 0.70
Price to Rent Ratio - City Centre: 56.20
Price to Rent Ratio - Outside of Centre: 56.54
Gross Rental Yield (City Centre): 1.78%
Gross Rental Yield (Outside of Centre): 1.77%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 924,495.73 ₩ 600,000.00-1,300,000.00
Apartment (1 bedroom) Outside of Centre 536,765.60 ₩ 400,000.00-750,000.00
Apartment (3 bedrooms) in City Centre 2,754,474.01 ₩ 1,500,000.00-4,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,567,055.34 ₩ 1,000,000.00-2,500,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 1,363,726.93 ₩ 836,120.40-1,858,045.34
Price per Square Feet to Buy Apartment Outside of Centre 787,264.90 ₩ 464,511.33-1,114,827.20
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,831,326.67 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.62 3.00-5.00

These data are based on 214 entries in the past 18 months from 39 different contributors.
Last update: February 2018

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10 Comments so far

#Fromseoul on Feb 06, 2018 :
Aprtment 99squeare meters -> 600.000usd~

You can buy small villa which usually people dont want to buy is around 150.000~ but hard to sell when u want to move.

Im living in seoul for 35yrs now.
And having
1.400.000usd building(120squre meters) + 400.000(50squre meters) little apartment.

In gangnam you can buy apartment like 100.000usd~ ( maybe a bit more expensive?)
#Anonymous on Oct 16, 2017 :
I want to come to South Korea, please guys help me out with cheap house in South Korea
#Anonymous on Sep 05, 2017 :
That Chosun article uses 3.3m2 measurement units (Korean system).
#VW on Aug 27, 2017 :
Sorry about that comment below. The data is converted into 3.3 Square meter.
#VW on Aug 27, 2017 :
AVERAGE Price per Square Meter to Buy Apartment in Seoul exceed 20,000,000 KRW.
Gangnam is over 37.000,000 KRW. Do not ever believe that index above.
#Jongsun on Jun 06, 2017 :
#Nana K on Apr 14, 2016 :
Could anyone here help me find out how many Villas (smaller apartment buildings) there are in comparison to high rise apartments in Seoul? I am working on a social policy research project and cannot seem to find any data related to this.

Many thanks in advance!
#Alex on Nov 07, 2015 :
@#조상준 what is a realistic average price per square meter for Seoul center?
#^^ on Aug 25, 2015 :
@조상준 I live in Seoul. I think the price is very precise.
#조상준 on Jul 08, 2015 :
Compare to the real price, Seoul's apartment price of center is too expensive. Though I live and work in seoul, those price is rarely seen. Maybe only 0.1% people can buy that apartment.

I tried to put some real price, however, the price won't change at all
Could you let me know how can I adjust the price of center?
I wish the price in here should be close to the real market price.

I hope I can get a positive reply from you.
Thank you.