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Housing prices in South Korea: purchase price index (Jan 2019=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
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | 0.90% | 1.50% | ||
| 2019 | -0.33% | -0.67% | -0.20% | 0.68% |
| 2018 | -0.46% | 0.38% | -0.14% | 2.07% |
| 2017 | -1.09% | 0.32% | -0.27% | 0.90% |
| 2016 | -0.13% | -0.01% | -0.24% | 0.43% |
| 2015 | 0.15% | 0.97% | 1.25% | 0.74% |
| 2014 | -0.42% | 0.23% | 0.19% | 1.30% |
| 2013 | -1.06% | 0.26% | -0.75% | 0.77% |
| 2012 | -0.36% | 0.09% | -1.27% | 0.13% |
| 2011 | 0.01% | 1.53% | 0.33% | 0.74% |
| 2010 | -0.57% | -0.15% | -1.49% | 1.08% |
| 2009 | -2.50% | 0.20% | 0.58% | 0.49% |
| 2008 | -0.36% | 0.00% | 0.24% | -0.88% |
| 2007 | 0.00% | -0.21% | -0.26% | 0.08% |
| 2006 | 0.09% | 2.24% | -0.26% | 7.09% |
| 2005 | -1.51% | 2.30% | 0.15% | 0.45% |
| 2004 | -2.01% | -0.07% | -2.21% | -0.79% |
| 2003 | -1.26% | 3.98% | 0.11% | -0.52% |
| 2002 | 5.90% | 1.22% | 4.10% | 0.53% |
| 2001 | -1.61% | 1.65% | 4.26% | 2.10% |
| 2000 | -0.23% | 0.19% | -1.76% | -0.52% |
| 1999 | 1.18% | 0.72% | 0.93% | -0.81% |
| 1998 | -8.29% | -6.09% | -1.59% | -0.46% |
| 1997 | 0.58% | -0.74% | -0.99% | -3.27% |
| 1996 | -1.47% | -1.23% | -0.57% | 0.01% |
| 1995 | -2.33% | -0.69% | -1.77% | 0.00% |
| 1994 | -3.01% | -1.31% | -1.11% | 0.07% |
| 1993 | -2.48% | -2.86% | -1.86% | -1.37% |
| 1992 | -3.21% | -4.20% | -0.75% | -1.13% |
| 1991 | -1.19% | 0.30% | -3.29% | -5.01% |
| 1990 | 1.92% | 2.26% | 2.09% |
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 |
| 2019 | -0.53% | 0.20% |
| 2018 | 1.85% | 3.20% |
| 2017 | -0.15% | 1.25% |
| 2016 | 0.04% | 1.38% |
| 2015 | 3.14% | 4.31% |
| 2014 | 1.30% | 2.14% |
| 2013 | -0.79% | 0.34% |
| 2012 | -1.41% | 0.00% |
| 2011 | 2.63% | 6.90% |
| 2010 | -1.14% | 1.85% |
| 2009 | -1.26% | 1.50% |
| 2008 | -1.00% | 3.10% |
| 2007 | -0.40% | 3.20% |
| 2006 | 9.30% | 11.59% |
| 2005 | 1.37% | 4.02% |
| 2004 | -5.00% | -2.12% |
| 2003 | 2.26% | 5.76% |
| 2002 | 12.19% | 16.39% |
| 2001 | 6.46% | 9.82% |
| 2000 | -2.31% | 0.41% |
| 1999 | 2.02% | 3.40% |
| 1998 | -15.64% | -12.29% |
| 1997 | -4.39% | 1.90% |
| 1996 | -3.23% | 1.54% |
| 1995 | -4.72% | -0.19% |
| 1994 | -5.27% | 0.00% |
| 1993 | -8.31% | -2.99% |
| 1992 | -9.01% | -4.96% |
| 1991 | -8.96% | -0.53% |
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.