Graph and download economic data for Residential Property Prices for Republic of Korea (QKRN628BIS) from Q1 1975 to Q2 2025 about Korea, residential, HPI, housing, 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 increased 0.11 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for South Korea Residential Property Prices.

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

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.

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.

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]

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.

In 2024, the residential property price index in Seoul, the capital of South Korea, increased to around three 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 90 percent, rebounding from a decline in 2022. Similarly, the success rate of apartment auction bids showed dynamic trends, dropping to 14.2 percent in late 2022 before recovering to over 40 percent. Seoul boasted the highest mean purchase price for housing among all provinces of South Korea, with a gap of over 300 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.

In December 2024, the monthly mean purchase price of apartments with over *** square meters in Seoul, South Korea amounted to around **** million South Korean won per square meter. Medium-sized apartments followed at around **** million South Korean won per square meter.

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

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.

As of January 2025, southeastern Seoul had the highest average selling price for apartments out of the general areas in the South Korean capital. Average apartment selling price stood at over *** billion South Korean won in southeastern Seoul that month.

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.

In December 2024, the average price of an apartment purchase in South Korea was around *** million South Korean won per square meter. The apartment price was highest in Seoul with about **** million won per square meter, almost twice as much as following the province of Gyeonggi with around *** million won per square meter.

The centrality of Seoul Boasting a population of over nine million people and accounting for a large part of the country’s GDP, the capital city is both economically attractive and notoriously expensive in terms of housing. Going by mean apartment selling prices, Seoul’s southern and southeastern districts of Gangnam and Seocho rank the highest. Changing trends For a society which traditionally expected for its younger generations to care for their elders, these norms began to soften up in the country. The first two decades of the century saw the share of one-person households more than double. As the principal age groups that reside in such households are younger people, the country is expected to continue building housing units in the future.

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.

Average apartment purchase prices in South Korea stood at approximately *********** South Korean won in December 2024. Up to 2021, the mean selling price for apartments in the country had risen continuously, reaching a peak of ************** South Korean won before declining.

In December 2024, the average price of an apartment purchase in South Korea was around *** million South Korean won per square meter. The apartment price was highest in Seoul with about **** million won per square meter, almost twice as much as following the province of Gyeonggi with around *** million won per square meter.

The centrality of Seoul Boasting a population of over nine million people and accounting for a large part of the country’s GDP, the capital city is both economically attractive and notoriously expensive in terms of housing. Going by mean apartment selling prices, Seoul’s southern and southeastern districts of Gangnam and Seocho rank the highest. Changing trends For a society which traditionally expected for its younger generations to care for their elders, these norms began to soften up in the country. The first two decades of the century saw the share of one-person households more than double. As the principal age groups that reside in such households are younger people, the country is expected to continue building housing units in the future.

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.

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.