Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 25.52
Mortgage as Percentage of Income: 203.10%
Loan Affordability Index: 0.49
Price to Rent Ratio - City Centre: 76.32
Price to Rent Ratio - Outside of Centre: 74.16
Gross Rental Yield (City Centre): 1.31%
Gross Rental Yield (Outside of Centre): 1.35%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,154,625.04 ₩ 800,000.00-1,700,000.00
Apartment (1 bedroom) Outside of Centre 701,712.12 ₩ 500,000.00-1,000,000.00
Apartment (3 bedrooms) in City Centre 3,659,527.40 ₩ 2,000,000.00-8,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,112,623.53 ₩ 1,500,000.00-4,000,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,397,815.07 ₩ 1,393,534.00-4,457,431.99
Price per Square Feet to Buy Apartment Outside of Centre 1,374,057.07 ₩ 789,669.27-1,763,804.01
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,977,968.92 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.06 3.44-6.80

These data are based on 284 entries in the past 18 months from 50 different contributors.
Last update: April 2024

Sources and References
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6 Comments so far
Liam on Jun 22, 2023:
Hi my name is Liam and I’m learning the basics of Korean first and then wishing to save up and travel to Seoul and hopefully get a house there. Would that be enough to stay in the country?
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