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South Korea (National) House Price Index: Apartment Sales Price Index
South Korea
Source: Kookmin Bank
Housing prices in Korea, % change 1 yr
Nominal and inflation-adjusted ('real')
South Korea
Source: Kookmin Bank
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2024 | -1.12% | -0.12% | ||
| 2023 | -3.85% | -2.24% | -2.01% | 0.26% |
| 2022 | -1.20% | -1.38% | -1.24% | -2.80% |
| 2021 | 3.63% | 4.41% | 4.18% | 2.80% |
| 2020 | 1.17% | 1.48% | 1.79% | 4.37% |
| 2019 | -0.47% | -0.95% | -0.38% | 0.77% |
| 2018 | -0.39% | 0.22% | -0.13% | 1.98% |
| 2017 | -1.16% | 0.42% | -0.28% | 0.93% |
| 2016 | -0.17% | -0.04% | -0.22% | 0.59% |
| 2015 | 0.23% | 1.22% | 1.43% | 0.95% |
| 2014 | -0.32% | 0.28% | 0.30% | 1.34% |
| 2013 | -1.05% | 0.16% | -0.81% | 0.91% |
| 2012 | -0.23% | 0.09% | -1.46% | 0.01% |
| 2011 | 0.79% | 2.44% | 0.90% | 1.02% |
| 2010 | -0.36% | -0.18% | -1.46% | 1.52% |
| 2009 | -2.70% | 0.25% | 0.66% | 0.65% |
| 2008 | -0.76% | 0.07% | 0.01% | -1.11% |
| 2007 | -0.06% | -0.56% | -0.60% | -0.20% |
| 2006 | 0.50% | 2.75% | -0.44% | 8.37% |
| 2005 | -1.13% | 3.12% | 0.57% | 0.60% |
| 2004 | -1.47% | 0.49% | -2.09% | -0.46% |
| 2003 | -1.07% | 5.37% | 1.09% | 0.53% |
| 2002 | 9.22% | 1.14% | 6.40% | 0.70% |
| 2001 | -0.89% | 2.75% | 6.13% | 2.74% |
| 2000 | 0.59% | 0.22% | -1.42% | -0.75% |
| 1999 | 3.42% | 2.07% | 2.08% | -0.61% |
| 1998 | -9.22% | -6.88% | -1.51% | -0.14% |
| 1997 | 2.69% | -0.73% | -0.36% | -3.26% |
| 1996 | -0.85% | -1.23% | -0.06% | 0.80% |
| 1995 | -1.93% | -0.41% | -1.46% | -0.11% |
| 1994 | -2.70% | -1.13% | -0.90% | 0.07% |
| 1993 | -1.89% | -3.33% | -1.72% | -1.31% |
| 1992 | -3.45% | -4.92% | 0.33% | -1.22% |
| 1991 | 0.37% | 0.52% | -4.17% | -7.08% |
| 1990 | 4.85% | 4.40% | 4.42% |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
Yearly change in house prices, nominal and inflation-adjusted
| Year | Inflation Adjusted | Nominal Change |
| 2023 | -7.66% | -4.70% |
| 2022 | -6.46% | -1.80% |
| 2021 | 15.89% | 20.18% |
| 2020 | 9.07% | 9.65% |
| 2019 | -1.03% | -0.30% |
| 2018 | 1.68% | 3.01% |
| 2017 | -0.10% | 1.31% |
| 2016 | 0.15% | 1.51% |
| 2015 | 3.88% | 5.04% |
| 2014 | 1.59% | 2.43% |
| 2013 | -0.81% | 0.35% |
| 2012 | -1.59% | -0.20% |
| 2011 | 5.23% | 9.61% |
| 2010 | -0.50% | 2.52% |
| 2009 | -1.18% | 1.58% |
| 2008 | -1.77% | 2.30% |
| 2007 | -1.42% | 2.15% |
| 2006 | 11.43% | 13.74% |
| 2005 | 3.15% | 5.86% |
| 2004 | -3.51% | -0.58% |
| 2003 | 5.94% | 9.56% |
| 2002 | 18.36% | 22.80% |
| 2001 | 11.04% | 14.53% |
| 2000 | -1.36% | 1.38% |
| 1999 | 7.09% | 8.56% |
| 1998 | -16.86% | -13.57% |
| 1997 | -1.73% | 4.71% |
| 1996 | -1.35% | 3.52% |
| 1995 | -3.87% | 0.69% |
| 1994 | -4.60% | 0.73% |
| 1993 | -8.01% | -2.66% |
| 1992 | -9.02% | -4.96% |
| 1991 | -10.16% | -1.85% |
The yearly changes table looks at the last quarter's/month's index values for a given year and compares it with the same quarter/month of the previous year to gauge the change in house prices during that given year.