Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 30.62
Mortgage as Percentage of Income: 207.57%
Loan Affordability Index: 0.48
Price to Rent Ratio - City Centre: 94.45
Price to Rent Ratio - Outside of Centre: 70.85
Gross Rental Yield (City Centre): 1.06%
Gross Rental Yield (Outside of Centre): 1.41%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,073,809.52 ₩ 700,000.00-2,500,000.00
Apartment (1 bedroom) Outside of Centre 718,436.53 ₩ 400,000.00-1,700,000.00
Apartment (3 bedrooms) in City Centre 3,316,764.68 ₩ 2,201,176.13-6,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,115,384.62 ₩ 1,000,000.00-3,500,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,718,038.88 ₩ 2,322,556.67-4,645,113.34
Price per Square Feet to Buy Apartment Outside of Centre 1,326,903.25 ₩ 1,152,917.13-2,787,068.00
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,554,863.05 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.21 2.50-4.00

These data are based on 260 entries in the past 18 months from 54 different contributors.
Last update: June 2022

Sources and References
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7 Comments so far
kim jae hun on Mar 14, 2022:
The average price of apartments amounted to around $1M.
The average space per apartment in South Korea was about 100 square meters. (31.8 py)
JWK on May 24, 2021:
@Kushal Modi

You're never gonna be able to afford a 4 bedroom villa with 50k USD.
In seoul, a 4 bedroom villa costs at the very least 800K USD these days.
Kushal Modi on May 01, 2021:
What is the Price Range for buying a 4 Bedroom villa in South Korea. Can I manage it in 50000 Dollars
Surekha Balaji on Oct 30, 2020:
Hello. How can I apply for job in Korea. I am a Commerce Graduate, MBA Operational Management (Post Graduation) persuining. I have a working experience of 7yrs 8months. I live in India. Citizen of India.

Also let me know how can I buy/invest in property in Korea.

Thank You,
Surekha
jiminvity on May 26, 2020:
Hey I am a girl who looking to move to Korea after she graduate high school and i really need to find a good home
Sejal Soni on Jan 08, 2019:
I want to move korea, seoul which area is good for living?
Michael Kennedy on Jun 28, 2018:
Where can i apply for a job in Korea if i want to move to South Korea? I have experiences as Assistant Sales Manager, Restaurant, Business Tutor and Messenger. I speak English, Indonesian, and Chinese Dialect. I am a college graduate with Business Major and International Business Management.
Btw, I am currently live in USA & US citizen.
I am looking for Office Job if possible. Thank you.