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Apartment Sales Price Index, Total (1990=100)

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

 Q1Q2Q3Q4
2023-3.85%
2022-1.2%-1.38%-1.24%-2.8%
20213.63%4.41%4.18%2.8%
20201.17%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%
20150.23%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%
20110.79%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%
20060.5%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%
20029.22%1.14%6.4%0.7%
2001-0.89%2.75%6.13%2.74%
20000.59%0.22%-1.42%-0.75%
19993.42%2.07%2.08%-0.61%
1998-9.22%-6.88%-1.51%-0.14%
19972.69%-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%
19910.37%0.52%-4.17%-7.08%
19904.85%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.