Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 21.12
Mortgage as Percentange of Income: 148.05%
Loan Affordability Index: 0.68
Price to Rent Ratio - City Centre: 66.34
Price to Rent Ratio - Outside of Centre: 53.23
Gross Rental Yield (City Centre): 1.51%
Gross Rental Yield (Outside of Centre): 1.88%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 846,231.85 ₩ 500,000.00-1,200,000.00
Apartment (1 bedroom) Outside of Centre 568,069.80 ₩ 350,000.00-800,000.00
Apartment (3 bedrooms) in City Centre 2,320,214.81 ₩ 1,300,000.00-3,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,316,887.93 ₩ 900,000.00-2,000,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 1,405,939.53 ₩ 743,218.13-2,322,556.67
Price per Square Feet to Buy Apartment Outside of Centre 692,267.14 ₩ 414,002.88-1,207,729.47
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,673,185.34 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.58 3.00-4.50

These data are based on 228 entries in the past 18 months from 35 different contributors.
Last update: November 2019

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DeutschImmobilienpreise in Seoul
PortuguêsPreços de Imóveis em Seul
ItalianoPrezzi delle proprietà immobiliari a Seul
FrançaisPrix de l'immobilier à Séoul
EspañolPrecios de Inmuebles en Seúl

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10 Comments so far

#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 :
#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?