Seoul, South Korea
Property prices · 2025 · Asia · Price +4% vs 2024
Property price trend in Seoul (2024–2026)
Property comparison — cities in South Korea (2025)
Other Asia cities (2025)
Frequently asked questions
How much does property cost in Seoul in 2025?
In Seoul, the average price per sqm in the city centre is KRW 12,480,000, and KRW 7,800,000 outside the centre (2025 data). Prices have risen 7% since 2024.
How much is rent in Seoul in 2025?
A 1-bedroom apartment in Seoul rents for approximately KRW 1,248,000 per month in 2025. A 3-bedroom apartment costs around KRW 2,288,000/month.
Is it better to buy or rent in Seoul?
Renting is generally more cost-effective in Seoul. The price-to-rent ratio is 28.0x — it would take approximately 28.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.20%.
What are mortgage rates in South Korea in 2025?
The average mortgage rate in South Korea is approximately 4.20% as of 2025. With a price-to-rent ratio of 28.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Seoul changed?
Property prices in Seoul have changed +4% vs 2024. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Seoul?
The average property price per square metre in Seoul city centre is KRW 12,480,000 in 2025. Outside the centre, expect to pay around KRW 7,800,000/sqm.