Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 17.37
Mortgage as Percentange of Income: 121.68%
Loan Affordability Index: 0.82
Price to Rent Ratio - City Centre: 48.85
Price to Rent Ratio - Outside of Centre: 53.44
Gross Rental Yield (City Centre): 2.05%
Gross Rental Yield (Outside of Centre): 1.87%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 920,187.27 ₩ 600,000.00-1,300,000.00
Apartment (1 bedroom) Outside of Centre 543,269.70 ₩ 400,000.00-800,000.00
Apartment (3 bedrooms) in City Centre 2,654,352.86 ₩ 1,500,000.00-3,900,000.00
Apartment (3 bedrooms) Outside of Centre 1,507,100.29 ₩ 800,000.00-2,500,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 1,158,145.02 ₩ 743,218.13-1,672,240.80
Price per Square Feet to Buy Apartment Outside of Centre 731,724.93 ₩ 464,511.33-1,114,827.20
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,928,605.93 ₩
Mortgage Interest Rate in Percentages (%), Yearly, Fixed-Rate 3.58 3.00-5.00

These data are based on 174 entries in the past 18 months from 33 different contributors.
Last update: December 2017

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9 Comments so far

#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.