South Korea Market Snapshot (Oct 2026): Prime residential property in Seoul & Busan trades at a median of ₩14.8M/㎡ (typical unit price ₩1.65B, +5.1% YoY), with median rents at ₩3.8M/mo and gross rental yields of 4.1%. Acquisition taxes follow 1.1–3.5% Tax · MOLIT, and mortgage financing reaches up to 70% LTV for residents and 50% LTV for eligible foreign buyers (Mortgage Calculator · Stamp Duty Calculator).

Median / ㎡₩14.8M/㎡+5.1% YoY

Median Sale Price₩1.65B290,000+ MOLIT Records

Median Rent & Yield₩3.8M/mo (4.1%)Gross Yield

Duty & Max LTV1.1–3.5% Tax · MOLITUp to 70% LTV

Area / Precinct (Seoul & Busan)	Median / ㎡	Median Rent	Gross Yield	12M YoY
Gangnam / Seocho	₩24.5M	₩5.2M	3.5%	+6.4%
Yongsan / Hannam	₩22.8M	₩4.9M	3.6%	+5.9%
Seongsu-dong	₩19.6M	₩4.4M	3.9%	+6.8%

Frequently Asked Questions — Buying & Renting in South Korea

What is the median property price and rental yield in South Korea?

According to official open data benchmarks on Property.co, the prime median price in South Korea (Seoul & Busan) is ₩14.8M/㎡ (median sale price ₩1.65B, +5.1% YoY), with a median monthly rent of ₩3.8M/mo and gross rental yield averaging 4.1%.

Can foreigners buy residential property in South Korea?

Foreigners can purchase freehold apartments (아파트) and officetels in South Korea under the Real Estate Transaction Reporting Act (declaring the purchase within 60 days and reporting foreign exchange remittance).

What are the mortgage LTV limits and stamp duty rates in South Korea?

South Korea enforces a 40% Debt Service Ratio (DSR) cap and 50%–70% LTV depending on regulated zone (Gangnam/Seocho/Yongsan vs non-regulated areas) and first-home status. Statutory transfer/stamp duty in South Korea follows 1.1–3.5% Tax · MOLIT (FSC / MOLIT (40% Stress DSR & LTV Rules)). Local residents qualify for up to 70% LTV and non-residents up to 50% LTV.

How do I compare coworking, coliving, serviced apartments, and self-storage in South Korea?

Property.co’s 3-tier Flexible Space Directory at /south-korea/operators/coworking, /south-korea/operators/coliving, /south-korea/operators/serviced, and /south-korea/operators/self-storage lists verified operators and individual district branches in South Korea with transparent monthly rate cards, on-site facilities, and direct WhatsApp/tour booking.