Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 20.85
Mortgage as Percentange of Income: 146.55%
Loan Affordability Index: 0.68
Price to Rent Ratio - City Centre: 72.94
Price to Rent Ratio - Outside of Centre: 55.63
Gross Rental Yield (City Centre): 1.37%
Gross Rental Yield (Outside of Centre): 1.80%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 812,222.22 ₩ 500,000.00-1,200,000.00
Apartment (1 bedroom) Outside of Centre 505,128.21 ₩ 350,000.00-750,000.00
Apartment (3 bedrooms) in City Centre 2,225,806.45 ₩ 1,500,000.00-3,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,298,076.92 ₩ 800,000.00-2,000,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 1,483,249.44 ₩ 743,218.13-2,787,068.00
Price per Square Feet to Buy Apartment Outside of Centre 679,248.81 ₩ 414,002.88-929,022.67
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,790,825.56 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.61 2.30-5.00

These data are based on 253 entries in the past 18 months from 45 different contributors.
Last update: November 2018

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11 Comments so far

#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 :
#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.