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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

 Q1Q2Q3Q4
20200.90%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%
20150.15%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%
20110.01%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%
20070.00%-0.21%-0.26%0.08%
20060.09%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%
20025.90%1.22%4.10%0.53%
2001-1.61%1.65%4.26%2.10%
2000-0.23%0.19%-1.76%-0.52%
19991.18%0.72%0.93%-0.81%
1998-8.29%-6.09%-1.59%-0.46%
19970.58%-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%
19901.92%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

YearInflation AdjustedNominal Change
2019-0.53%0.20%
20181.85%3.20%
2017-0.15%1.25%
20160.04%1.38%
20153.14%4.31%
20141.30%2.14%
2013-0.79%0.34%
2012-1.41%0.00%
20112.63%6.90%
2010-1.14%1.85%
2009-1.26%1.50%
2008-1.00%3.10%
2007-0.40%3.20%
20069.30%11.59%
20051.37%4.02%
2004-5.00%-2.12%
20032.26%5.76%
200212.19%16.39%
20016.46%9.82%
2000-2.31%0.41%
19992.02%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.


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House prices in South Korea compared to the rest of the continent