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Apartment Sales Price Index, Total (1990=100)
May, 31, 2023
South Korea
Housing prices in South Korea. Kookmin Bank publishes a Korean house price index. The data is updated quarterly.
Housing prices in Korea, % change 1 yr
Nominal and inflation-adjusted ('real')
South Korea
Source: Korean Statistical Information Service
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2023 | -3.85 | |||
| 2022 | -1.2 | -1.38 | -1.24 | -2.8 |
| 2021 | 3.63 | 4.41 | 4.18 | 2.8 |
| 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 | 0.3 | 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 | 0.9 | 1.02 |
| 2010 | -0.36 | -0.18 | -1.46 | 1.52 |
| 2009 | -2.7 | 0.25 | 0.66 | 0.65 |
| 2008 | -0.76 | 0.07 | 0.01 | -1.11 |
| 2007 | -0.06 | -0.56 | -0.6 | -0.2 |
| 2006 | 0.5 | 2.75 | -0.44 | 8.37 |
| 2005 | -1.13 | 3.12 | 0.57 | 0.6 |
| 2004 | -1.47 | 0.49 | -2.09 | -0.46 |
| 2003 | -1.07 | 5.37 | 1.09 | 0.53 |
| 2002 | 9.22 | 1.14 | 6.4 | 0.7 |
| 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 | 0.8 |
| 1995 | -1.93 | -0.41 | -1.46 | -0.11 |
| 1994 | -2.7 | -1.13 | -0.9 | 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 | 4.4 | 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.