Property Prices in Seoul, South Korea

Index Info
Price to Income Ratio: 26.75
Mortgage as Percentage of Income: 213.08%
Loan Affordability Index: 0.47
Price to Rent Ratio - City Centre: 76.84
Price to Rent Ratio - Outside of Centre: 81.45
Gross Rental Yield (City Centre): 1.30%
Gross Rental Yield (Outside of Centre): 1.23%
Rent Per Month
 Edit Range
Apartment (1 bedroom) in City Centre 1,233,237.98 ₩ 800,000.00-2,000,000.00
Apartment (1 bedroom) Outside of Centre 684,916.09 ₩ 468,154.00-1,118,694.69
Apartment (3 bedrooms) in City Centre 3,664,616.12 ₩ 2,000,000.00-6,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,945,239.90 ₩ 1,400,000.00-3,076,410.41
Buy Apartment Price
 Edit
Price per Square Feet to Buy Apartment in City Centre 2,483,442.82 ₩ 1,393,534.00-3,716,090.67
Price per Square Feet to Buy Apartment Outside of Centre 1,424,853.59 ₩ 929,022.67-1,950,947.60
Salaries And Financing
 Edit
Average Monthly Net Salary (After Tax) 3,931,577.42 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.07 4.00-6.50

These data are based on 309 entries in the past 18 months from 65 different contributors.
Last update: November 2024

Sources and References
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This page in other languages:
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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8 Comments so far
Anonymous on Oct 30, 2024:
i'm Japanese and i like south korea and nothing know about it.
chloe on Jul 16, 2024:
hello im chloe im a highschooler i would like to plan my future to ensure i make something of my self when i'm older its always been a dream of mine to live in seoul and work as a mechanical engineering but i don't know if i can really do it with in the next 6 years as it can cost alot to live in korea
Artur I Smirnoff on Jul 14, 2024:
Hello,
Greetings, how are you doing today? I’m an investor. I want to invest in your country on real estate I wish to have an in depth discussion with you
Thanks

Artur I Smirnoff
Liam on Jun 22, 2023:
Hi my name is Liam and I’m learning the basics of Korean first and then wishing to save up and travel to Seoul and hopefully get a house there. Would that be enough to stay in the country?
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,
Surekha
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