Gross rental yields in South Korea: Seoul
The average gross rental yield in South Korea stands at 4.29% (Q4, 2024).
Last Updated: Oct 18, 2024 | |||
SEOUL - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Seoul (all locations) | |||
1-Bedroom | $642,500 | $3,500 | 6.54% |
2-Bedroom | $1,170,000 | $3,735 | 3.83% |
3-Bedroom | $1,727,000 | $6,000 | 4.17% |
4+Bedroom | $3,500,000 | $7,680 | 2.63% |
Seoul avg. Rental Yields | 4.29% | ||
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Ssre.co.kr |
South Korea Historic Rental Yield Data
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of the South Korea. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).