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Annual jeonse price growth rate of residential houses in Seoul, South Korea, from 2015 to 2024

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Sources

Release date

January 2025

Region

South Korea

Survey time period

2015 to 2024

Special properties

December of each year; Seoul Metropolitan Area

Supplementary notes

Figures have been rounded.

Based on the December price index of each year. 

Citation formats

Jeonse price growth of residential houses Seoul South Korea 2015-2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Feb 11, 2025

In 2024, jeonse prices of residential houses in South Korea's capital Seoul increased by around percent compared to the previous year. Jeonse is a unique housing leasing system in South Korea. A large sum is paid to the landlord for the rental period, which is usually 2 years. The deposit is returned to the tenants at the end of the 2-year contract.

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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

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