Daegu, South Korea
Property prices · 2024 · Asia
Property price trend in Daegu (2024–2026)
Property comparison — cities in South Korea (2024)
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Daegu in 2024?
In Daegu, the average price per sqm in the city centre is KRW 4,500,000, and KRW 3,000,000 outside the centre (2024 data). Prices have risen 9.8% since 2024.
How much is rent in Daegu in 2024?
A 1-bedroom apartment in Daegu rents for approximately KRW 700,000 per month in 2024. A 3-bedroom apartment costs around KRW 1,150,000/month.
Is it better to buy or rent in Daegu?
Renting is generally more cost-effective in Daegu. The price-to-rent ratio is 24.0x — it would take approximately 24.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.00%.
What are mortgage rates in South Korea in 2024?
The average mortgage rate in South Korea is approximately 4.00% as of 2024. With a price-to-rent ratio of 24.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Daegu?
The average property price per square metre in Daegu city centre is KRW 4,500,000 in 2024. Outside the centre, expect to pay around KRW 3,000,000/sqm.