Housing Index in South Korea remained unchanged at 93 points in July. This dataset provides - South Korea House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

In December 2024, the mean purchase price of housing in South Korea amounted to around *** million South Korean won. The mean purchase price of housing in Seoul was higher than any other city or province, standing at around *** million South Korean won.

Residential Property Prices in South Korea decreased 0.14 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for South Korea Residential Property Prices.

Key information about House Prices Growth

• South Korea house prices dropped 0.2% YoY in Feb 2025, following a decrease of 0.2% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1987 to Feb 2025, with an average growth rate of 2.1%.
• House price data reached an all-time high of 21.9% in Aug 1988 and a record low of -13.1% in Nov 1998.

The housing purchase price index in South Korea amounted to approximately ** index points as of December 2024, similar to that of the same month in the previous year. The purchase price index for apartments stood at around ** in the same period.

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.

House price index in South Korea, March, 2025 The most recent value is 142.34 index points as of Q1 2025, a decline compared to the previous value of 142.7 index points. Historically, the average for South Korea from Q1 1990 to Q1 2025 is 94.16 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

House Price Index MoM in South Korea remained unchanged at 0.10 percent in July. This dataset includes a chart with historical data for South Korea House Price Index MoM.

South Korea Price to Income Ratio: sa data was reported at 83.566 2015=100 in 2024. This records a decrease from the previous number of 84.915 2015=100 for 2023. South Korea Price to Income Ratio: sa data is updated yearly, averaging 118.198 2015=100 from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 409.198 2015=100 in 1986 and a record low of 83.566 2015=100 in 2024. South Korea Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

According to a survey conducted in South Korea in January 2025, around ** percent of respondents stated that housing prices would fall over the next year. According to the source, most respondents in the previous year's survey had an overall negative opinion on the government's policies on real estate.

Korea Median Housing Price: Apartments: 6 Large Cities data was reported at 23,991.237 KRW tt in Nov 2018. This records a decrease from the previous number of 24,009.867 KRW tt for Oct 2018. Korea Median Housing Price: Apartments: 6 Large Cities data is updated monthly, averaging 18,283.086 KRW tt from Dec 2008 (Median) to Nov 2018, with 120 observations. The data reached an all-time high of 24,168.057 KRW tt in Sep 2017 and a record low of 12,743.770 KRW tt in Apr 2009. Korea Median Housing Price: Apartments: 6 Large Cities data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s South Korea – Table KR.EB033: Median Housing Price: Kookmin Bank.

In 2024, residential housing prices in South Korea increased by around **** percent year-on-year. This was a tentative sign of recovery from the significant drops seen in the two years prior.

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.

This dataset was generated for analyzing the economic impacts of subway networks on housing prices in metropolitan areas. The provision of transit networks and accompanying improvement in accessibility induce various impacts and we focused on the economic impacts realized through housing prices. As a proxy of housing price, we consider the price of condominiums, the dominant housing type in South Korea. Although our focus is transit accessibility and housing prices, the presented dataset is applicable to other studies. In particular, it provides a wide range of variables closely related to housing price, including housing properties, local amenities, local demographic characteristics, and control variables for the seasonality. Many of these variables were scientifically generated by our research team. Various distance variables were constructed in a geographic information system environment based on public data and they are useful not only for exploring environmental impacts on housing prices, but also for other statistical analyses in regard to real estate and social science research. The four metropolitan areas covered by the data—Busan, Daegu, Daejeon, and Gwangju—are independent of the transit systems of Greater Seoul, providing accurate information on the metropolitan structure separate from the capital city.

Real residential property prices Y-on-Y, percent change in South Korea, March, 2025 The most recent value is -2.2 percent as of Q1 2025, a decline compared to the previous value of -1.65 percent. Historically, the average for South Korea from Q1 1990 to Q1 2025 is -0.47 percent. The minimum of -17.7 percent was recorded in Q3 1998, while the maximum of 14.39 percent was reached in Q2 2002. | TheGlobalEconomy.com

Key information about South Korea Gold Production

• South Korea Real Residential Property Price Index was reported at 107.433 2010=100 in Sep 2024.
• This records a decrease from the previous number of 107.786 2010=100 for Jun 2024.
• South Korea Real Residential Property Price Index data is updated quarterly, averaging 103.128 2010=100 from Mar 1975 to Sep 2024, with 199 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]

As of January 2025, the mean jeonse price for housing in South Korea amounted to around *** million South Korean won. Figures were highest in Seoul, at around *** million South Korean won. Jeonse is a unique housing leasing system in South Korea. A large sum is paid to the landlord for the rental period, usually for two years. The deposit is returned to the tenants at the end of the two-year contract.

Korea Median Housing Price: Apartments: 6 Large Cities: Incheon data was reported at 25,185.854 KRW tt in Nov 2018. This records an increase from the previous number of 25,173.692 KRW tt for Oct 2018. Korea Median Housing Price: Apartments: 6 Large Cities: Incheon data is updated monthly, averaging 23,636.681 KRW tt from Apr 2013 (Median) to Nov 2018, with 68 observations. The data reached an all-time high of 25,215.780 KRW tt in Oct 2017 and a record low of 19,888.953 KRW tt in Sep 2013. Korea Median Housing Price: Apartments: 6 Large Cities: Incheon data remains active status in CEIC and is reported by Kookmin Bank. The data is categorized under Global Database’s South Korea – Table KR.EB033: Median Housing Price: Kookmin Bank.

This is the monthly trend data on apartment sales prices and average sales prices provided by the Korea Real Estate Board (formerly Korea Appraisal Board) from the National Housing Price Trend Survey.