In 2023, the South Korea Real Estate Market reached a value of USD 306.2 million, and it is projected to surge to USD 552.7 million by 2030.

South Korea Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Region (Seoul, Gyeonggi Province, Incheon, Busan, Other Metropolitan & Provincial Cities). The Market Forecasts are Provided in Terms of Value (USD).

Housing Index in South Korea increased to 94 points in October from 93 points in September of 2025. This dataset provides - South Korea House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The South Korea Luxury Residential Real Estate Market Report is Segmented by Business Model (Sales, Rental), by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Mode of Sale (Primary New-Build, Secondary Existing-Home Resale), and by City (Seoul, Busan, Daegu, Incheon, Rest of South Korea). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for Real Residential Property Prices for Republic of Korea (QKRR628BIS) from Q1 1975 to Q2 2025 about Korea, residential, HPI, housing, real, price index, indexes, and price.

The South Korean luxury real estate market, valued at $43.56 billion in 2025, is poised for robust growth, projected to achieve a Compound Annual Growth Rate (CAGR) of 10% from 2025 to 2033. This expansion is driven by several key factors. Firstly, a rising high-net-worth individual (HNWI) population in South Korea, fueled by economic growth and a thriving tech sector, is increasing demand for premium properties. Secondly, the increasing preference for larger, more luxurious homes, particularly in prime locations like Seoul and Busan, is a significant driver. Finally, government policies aimed at stimulating the economy, though potentially impacting affordability in some segments, indirectly support the luxury market by bolstering overall economic confidence. The market is segmented by property type (apartments & condominiums, villas & landed houses) and city (Seoul, Busan, other cities), with Seoul and Busan consistently commanding the highest prices due to their central location and established infrastructure. Major players like Samsung C&T Corporation, Bando Engineering & Construction, and Ssangyong Engineering & Construction are shaping the market through high-end development projects. While the market shows strong potential, challenges like fluctuating interest rates and potential government regulations aimed at controlling property prices could pose some restraints to growth in the coming years. However, the long-term outlook for the South Korean luxury real estate market remains positive due to the continued growth of the affluent population and sustained demand for upscale properties. The international influence on South Korea's luxury real estate market is noticeable, but currently secondary to domestic demand. While data on specific regional contributions isn't provided, it's reasonable to assume that Asia-Pacific regions, particularly those with strong economic ties to South Korea, contribute significantly to foreign investment in luxury properties. North American and European investors also likely play a role, though potentially to a lesser degree compared to other Asian markets. The presence of established global developers also highlights the international appeal of the market. Further research would be needed to quantify the precise influence of each region, but the trend towards globalization points to a gradual increase in international investment over the forecast period. Future analysis may consider factors like exchange rate fluctuations and global economic conditions, as they impact foreign investors' participation. Unlocking the Potential: A Deep Dive into South Korea's Luxury Real Estate Market (2019-2033) This comprehensive report provides an in-depth analysis of South Korea's burgeoning luxury real estate market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, the report offers valuable insights for investors, developers, and industry professionals seeking to navigate this dynamic sector. High-search-volume keywords such as South Korea luxury apartments, Seoul luxury real estate, Busan luxury villas, and Korean luxury property investment are strategically integrated throughout the report to maximize search engine optimization (SEO). Key drivers for this market are: 4., South Korea's status as a global business hub can attract expatriates and foreign executives seeking high-end accommodation options4.; Incorporating advanced technology and smart home features making luxury properties more appealing to tech-savvy buyers. Potential restraints include: 4., Lack of foreign investment4.; Stricter government regulation inhibiting the growth. Notable trends are: Reduction in prices creating demand for low-priced luxury real estate.

In 2024, the real estate sector in South Korea generated a real gross domestic product (GDP) of about ****** trillion South Korean won. Real estate was considered one of the most important investment assets by South Korean citizens.

South Korea real estate and smart housing market valued at USD 1,200 billion, driven by urbanization and tech integration, with growth in sustainable housing solutions.

According to the latest research report, the South Korea residential real estate market is projected to grow at a CAGR of 12.83% during 2025-2033. The report provides a comprehensive analysis of key trends across market segments, with detailed forecasts at regional and country levels for the period 2025-2033. It categorizes the market based on type.

South Korea Residential Real Estate Market was valued at USD 42.8 Billion in 2024 and is projected to reach USD 76.5 Billion by 2032, growing at a CAGR of 7.52% from 2026 to 2032.South Korea Residential Real Estate Market Key DriversThe South Korean residential real estate market is one of the most dynamic and closely watched globally, heavily influenced by a unique intersection of demographic shifts, geographic constraints, and proactive government intervention. Understanding the core drivers of the South Korea residential real estate market is essential for investors, developers, and policymakers. The market's complexity is defined by factors ranging from the nation's aging society to cutting-edge technological adoption.Demographic & Household Structure Changes : A primary structural shift driving the Korea housing market trends is the rapid increase in single-person households, particularly in the Seoul metro area. Fueled by an aging population, delayed marriages, and declining birth rates, this demographic change is fundamentally reshaping housing demand, shifting the focus from large family apartments to smaller, more diverse unit types. Concurrently, the overall aging population creates a growing need for specialized, age-friendly housing, emphasizing accessible designs and community-focused infrastructure. This trend is compounded by ongoing urban migration, where more citizens move to high-density zones like Seoul, Busan, and Incheon, intensifying competition for residential units in already crowded metropolitan centers.Supply Constraints & Land Scarcity : The inherent scarcity of developable urban land, especially in major Korean cities, is a critical supply constraint that significantly amplifies pressure on the existing housing stock. This geographic limitation ensures a high demand-to-supply ratio. Furthermore, the high cost of land in highly desirable areas, particularly in coveted prime school zones, acts as a powerful lever, consistently driving up real estate value in these locations. As urban sprawl is limited, land scarcity remains a persistent, non-negotiable factor underpinning high property prices in the most sought-after districts.

The South Korean residential real estate market, valued at $345.19 million in 2025, is projected to experience robust growth, driven by factors such as increasing urbanization, a rising young population, and government initiatives to stimulate housing development. The Compound Annual Growth Rate (CAGR) of 13.07% from 2025 to 2033 indicates a significant expansion of the market. While the specific drivers and restraints aren't provided, we can infer that strong economic growth, coupled with favorable mortgage rates and infrastructural development within Seoul and other major cities, are likely contributing factors. Conversely, potential constraints could include land scarcity, particularly in prime locations like Seoul, stricter building regulations, and fluctuations in the national economy. The market segmentation reveals a preference for apartments and condominiums, likely due to their affordability and accessibility in urban centers. The presence of major players like Hyosung Corporation and Hyundai Development Company underscores the market’s maturity and the competition among established developers. Future growth is likely to be influenced by government policies aimed at addressing housing affordability and sustainable urban planning. The forecast period of 2025-2033 reveals a promising outlook, with projections suggesting a substantial increase in market value. The segmentation by geography highlights the dominance of Seoul in the market, reflecting its status as the nation's economic and cultural hub. The substantial presence of developers like Korea Land and Housing Corporation reflects both public and private sector involvement in shaping the residential landscape. This dynamic interplay of factors, combined with the projected CAGR, paints a picture of a thriving and evolving market where challenges and opportunities exist side-by-side. Careful consideration of regulatory changes, economic trends, and evolving consumer preferences will be crucial for successful navigation of the South Korean residential real estate market in the coming years. Recent developments include: January 2023: International architecture office KPF has unveiled the design for Parkside Seoul, a new mixed-use neighborhood planned for the South Korean capital to complement the surrounding natural elements and pay homage to Yongsan Park. The 482,600 square meter development is composed of a layered exterior envelope encompassing various programs and public amenities to enhance the residents’ experience of space. Besides the residential units, the complex includes office and retail spaces, hospitality facilities, and public and green spaces., April 2023: Korea’s GS E&C has launched its premium modular housing division, XiGEIST. GS E&C is a global entity that spans civil engineering, building, oil & gas, power plants, and renewable energy. They already own a high-end apartment brand, Xi, and they’re not new to the modular housing market, with acquisitions of some significant modular home companies in Poland, Britain, and the USA in recent years. Their modular homes will be manufactured at the company’s recently opened automated panelised prefabrication plant in South Korea, where they hope to achieve a 30% reduction in construction time, with a delivery timeline of eight weeks.. Key drivers for this market are: Government's Plans to Supply New Homes. Potential restraints include: Government's Plans to Supply New Homes. Notable trends are: Urbanization in the Country is Driving the Market.

In 2024, the residential property price index in Seoul, the capital of South Korea, increased to around ***** percent year-on-year. 2022 had seen a significant drop in residential property prices in Seoul. How much is a house in Seoul? Housing prices in Seoul have experienced significant fluctuations in recent years. Auction bid price rate for apartments surged to reach over ** percent, rebounding from a decline in 2022. Similarly, the success rate of apartment auction bids showed dynamic trends, dropping to **** percent in late 2022 before recovering to over ** percent. Seoul boasted the highest mean purchase price for housing among all provinces of South Korea, with a gap of over *** million South Korean won between Seoul and Gyeonggi. Property prices in South Korea South Korea's real estate market demonstrates dynamic trends shaped by numerous factors. Economic growth, urbanization, government policies, interest rates, and foreign investment all contribute significantly to fluctuations in housing prices. Notably, the mean purchase price for apartments sharply declined in 2022 and 2023 following years of exponential growth before. While the housing transaction volume in Korea saw a significant decrease in 2022, it recovered slightly in 2024. Given the high housing prices, many citizens believe that property prices will continue to fall in the coming year.

Discover the booming South Korean luxury real estate market! This in-depth analysis reveals a $43.56B market with a 10% CAGR, driven by HNWIs and prime Seoul locations. Explore key trends, challenges, and top companies shaping this lucrative sector. Recent developments include: August 2023: A new development project calls for turning the Songdo International City R2 Block of the Incheon Free Economic Zone (IFEZ) into a "K-Contents City," according to local sources. As a shareholder in this development project, HYBE will see the construction of multiple expansive residential complexes throughout the city., September 2023: South Korea's real estate landscape as it comes to light that a mere 30 individuals have managed to acquire a staggering 8,000 homes in the country over the past five and a half years. These eyebrow-raising acquisitions, totaling nearly INR 7,446 crore (USD 0.89 billion), have raised concerns and questions about the state of the housing market and the potential implications for average citizens.. Key drivers for this market are: 4., South Korea's status as a global business hub can attract expatriates and foreign executives seeking high-end accommodation options4.2.1.2 Incorporating advanced technology and smart home features making luxury properties more appealing to tech-savvy buyers. Potential restraints include: 4., South Korea's status as a global business hub can attract expatriates and foreign executives seeking high-end accommodation options4.2.1.2 Incorporating advanced technology and smart home features making luxury properties more appealing to tech-savvy buyers. Notable trends are: Reduction in prices creating demand for low-priced luxury real estate.

In September 2023, the consumer sentiment index (CSI) in the real estate market in South Korea reached ***** points, showing a slight increase from the previous month. Between June and December 2022, the value had decreased to ** but has since slowly increased

South Korea real estate market valued at USD 145 billion, driven by urbanization, government policies, and investments in residential and commercial sectors for sustainable growth.

The South Korea Office Real Estate Market Report is Segmented by Building Grade (Grade A, Grade B, and Grade C), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by Key Cities (Seoul, Busan, Daegu and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Discover the booming South Korean residential real estate market! This in-depth analysis reveals a 13.07% CAGR from 2025-2033, driven by population growth, economic strength, and government initiatives. Learn about key players, market segmentation, and future trends in Seoul and beyond. Recent developments include: January 2023: International architecture office KPF has unveiled the design for Parkside Seoul, a new mixed-use neighborhood planned for the South Korean capital to complement the surrounding natural elements and pay homage to Yongsan Park. The 482,600 square meter development is composed of a layered exterior envelope encompassing various programs and public amenities to enhance the residents’ experience of space. Besides the residential units, the complex includes office and retail spaces, hospitality facilities, and public and green spaces., April 2023: Korea’s GS E&C has launched its premium modular housing division, XiGEIST. GS E&C is a global entity that spans civil engineering, building, oil & gas, power plants, and renewable energy. They already own a high-end apartment brand, Xi, and they’re not new to the modular housing market, with acquisitions of some significant modular home companies in Poland, Britain, and the USA in recent years. Their modular homes will be manufactured at the company’s recently opened automated panelised prefabrication plant in South Korea, where they hope to achieve a 30% reduction in construction time, with a delivery timeline of eight weeks.. Key drivers for this market are: Government's Plans to Supply New Homes. Potential restraints include: Rising Interest Rates. Notable trends are: Urbanization in the Country is Driving the Market.

The South Korea luxury residential real estate market continues to establish itself as a premier investment destination in Asia, attracting both domestic and international high-net-worth individuals seeking premium properties. The market has demonstrated remarkable resilience despite global economic uncertainties, driven by limited supply in prime locations and sustained demand from affluent buyers. The expanding luxury segment propelled the market size to exceed USD 42.8 Billion in 2024 and is projected to reach a valuation of USD 76.5 Billion by 2032.The strategic location of South Korea, combined with its stable political environment and strong economic fundamentals, continues to attract luxury property investors from neighboring Asian countries and beyond. These favorable investment conditions enable the market to grow at a CAGR of 7.52% from 2026 to 2032.

Key information about South Korea Gold Production

• South Korea Real Residential Property Price Index was reported at 105.734 2010=100 in Jun 2025.
• This records a decrease from the previous number of 105.963 2010=100 for Mar 2025.
• South Korea Real Residential Property Price Index data is updated quarterly, averaging 82.567 2010=100 from Mar 1975 to Jun 2025, with 202 observations.
• The data reached an all-time high of 151.349 2010=100 in Jun 1991 and a record low of 63.248 2010=100 in Mar 1975.
• South Korea Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

House price index in South Korea, June, 2025 The most recent value is 142.39 index points as of Q2 2025, an increase compared to the previous value of 142.34 index points. Historically, the average for South Korea from Q1 1990 to Q2 2025 is 94.5 index points. The minimum of 57.48 index points was recorded in Q4 1998, while the maximum of 154.12 index points was reached in Q2 2022. | TheGlobalEconomy.com