Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 29.25
Mortgage as Percentage of Income: 201.93%
Loan Affordability Index: 0.50
Price to Rent Ratio - City Centre: 90.30
Price to Rent Ratio - Outside of Centre: 71.90
Gross Rental Yield (City Centre): 1.11%
Gross Rental Yield (Outside of Centre): 1.39%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 936,717.64 ₩ 600,000.00-1,500,000.00
Apartment (1 bedroom) Outside of Centre 627,666.81 ₩ 400,000.00-900,000.00
Apartment (3 bedrooms) in City Centre 2,506,208.50 ₩ 1,800,000.00-3,971,881.33
Apartment (3 bedrooms) Outside of Centre 1,378,105.21 ₩ 1,100,000.00-2,000,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 2,089,830.53 ₩ 1,114,827.20-3,065,774.80
Price per Square Feet to Buy Apartment Outside of Centre 1,005,239.70 ₩ 687,812.89-1,393,534.00
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 2,847,853.67 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.41 2.50-4.80

These data are based on 336 entries in the past 18 months from 51 different contributors.
Last update: November 2020

Sources and References
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10 Comments so far
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,
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:
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: