How much is the house price in South Korea?

This is the data as of May this year, I hope it can help you!

First of all, let’s popularize the knowledge of square meters: one square meter in South Korea is about 3.3 square meters.

Housing subscription passbook: Those who hold this passbook can have priority to purchase the apartment at the sales price when it is launched.

Just like China's high housing prices, although South Korea's real estate market has passed the bubble period, it is also a so-called "lifetime event" for Koreans. So how high are housing prices in South Korea? Are they also working hard for real estate throughout their lives? You can also compare it with domestic housing prices.

Let’s take a look at Jeju Island’s housing prices. Here we don’t consider villas and residential properties, but only focus on the prices of high-rise apartments.

This year, the average price of all residential apartments in Jeju is 5.91 million won per Korean pyeong, or 10,300 yuan per square meter. This is more than 16% higher than the average house price in 2011. During this period, the entire South Korea The average price of general apartments, excluding reconstructed apartments, has a sales increase rate of 2, and Jeju is far beyond the national average. Even so, Jeju's housing prices only rank fourth in the country in terms of growth rate, followed by: Daegu (41), Gyeongsangbuk-do (28), Gwangju (17), and Jeju Island (16).

The buying and selling price of apartments in Daegu area has increased from 5.74 million won (approximately 9,900 yuan per square meter) in 2011 to the current 8.1 million (approximately 14,000 yuan per square meter); in Gyeongbuk area in 5 years It rose from 4.15 million won (about 7,200 yuan per square meter) to 534 won (about 9,300 yuan per square meter); in Gwangju, it rose from 4.49 million won (about 7,800 yuan per square meter) to 5.27 million won (about 9,200 yuan per square meter).

The reason why Jeju Island’s housing prices have been on the rise is closely related to the island’s large-scale foreign investment, Chinese investment, project development, investment immigration, etc. In addition, the large inflow of the population has increased, and the actual demand for apartments also increased significantly. In addition, the Jeju government is also adjusting its policies to promote real estate sales. The first priority condition for housing subscription passbooks has been adjusted from one year to six months, which has also greatly promoted the increase in apartment transaction volume.

Looking across the country, the average buying and selling price of apartments in 2011 was 8.85 million won (about 16,000 yuan per square meter). It dropped to 8.6 million won in the following two years, and now it has risen back to 903. Ten thousand won/square meter.

Looking at the capital area, the average apartment buying and selling price in Seoul, South Korea, in 2010 was 16.4 million won (approximately 29,000 yuan per square meter), and now remains at 15.57 million won (approximately 27,000 yuan per square meter). Gyeonggi The current price in the province area remains at 9.27 million won (approximately 16,000 yuan per square meter), which is basically within a reasonable trading range.

The data cited by Warwick Jeju Investment Immigration Service is only the average price of non-immigrant apartments. The average price of individual apartments in Jeju is also around 24,000 yuan/㎡, but the overall average price on the island is not the same. It is not excessively high, but here are some suggestions:

1. For those with Korean green cards, you can consider immigration properties;

2. For investment properties, you can consider vacation properties Property-style hotel;

3. For self-use, office, or for vacation and enjoyment at any time, non-immigrant apartments can be considered. (Jeju Island is visa-free for 30 days)

South Korea’s per capita GDP was US$28,000 in 2014. It is not very difficult to buy an ordinary apartment. By the way, China’s per capita GDP , which was $7,500 in 2014.