Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 29.85
Mortgage as Percentage of Income: 213.17%
Loan Affordability Index: 0.47
Price to Rent Ratio - City Centre: 87.77
Price to Rent Ratio - Outside of Centre: 69.99
Gross Rental Yield (City Centre): 1.14%
Gross Rental Yield (Outside of Centre): 1.43%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 976,496.28 ₩ 700,000.00-1,500,000.00
Apartment (1 bedroom) Outside of Centre 779,164.75 ₩ 400,000.00-1,500,000.00
Apartment (3 bedrooms) in City Centre 3,604,656.05 ₩ 2,265,925.67-6,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,206,326.24 ₩ 1,000,000.00-4,000,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 2,558,844.66 ₩ 1,393,534.00-4,645,113.34
Price per Square Feet to Buy Apartment Outside of Centre 1,390,435.46 ₩ 1,152,917.13-1,858,045.34
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,560,142.63 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.79 2.52-5.00

These data are based on 302 entries in the past 18 months from 48 different contributors.
Last update: March 2023

Sources and References
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5 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,
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