Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 28.84
Mortgage as Percentage of Income: 194.52%
Loan Affordability Index: 0.51
Price to Rent Ratio - City Centre: 80.94
Price to Rent Ratio - Outside of Centre: 66.92
Gross Rental Yield (City Centre): 1.24%
Gross Rental Yield (Outside of Centre): 1.49%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,059,507.21 ₩ 600,000.00-1,800,000.00
Apartment (1 bedroom) Outside of Centre 730,769.23 ₩ 400,000.00-1,200,000.00
Apartment (3 bedrooms) in City Centre 2,788,830.21 ₩ 2,000,000.00-4,466,200.00
Apartment (3 bedrooms) Outside of Centre 1,485,216.58 ₩ 1,200,000.00-2,300,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,099,877.66 ₩ 1,393,534.00-2,787,068.00
Price per Square Feet to Buy Apartment Outside of Centre 1,048,877.74 ₩ 771,088.81-1,393,534.00
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 2,938,236.76 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.15 2.50-4.00

These data are based on 379 entries in the past 18 months from 81 different contributors.
Last update: June 2021

Sources and References
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12 Comments so far
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.
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:
http://news.chosun.com/site/data/html_dir/2017/07/02/2017070200905.html
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:
Hi
Nana
https://seoulsolution.kr/sites/default/files/images/%EC%84%9C%EC%9A%B8%EC%8B%9C%EC%A3%BC%ED%83%9D%EC%A0%95%EC%B1%85%20%EA%B7%B8%EB%A6%BC11.jpg
this