Jeonse price growth rate of residential houses South Korea 2014-2023

Published by
H. Yoo,
Sep 11, 2024

In 2023, jeonse prices in South Korea declined by around five percent year-on-year. Jeonse is a unique housing leasing system in South Korea. A large sum is paid to the landlord for the rental period, which is usually two years. The deposit is returned to the tenants at the end of the two-year contract.

Annual jeonse price growth rate of residential houses in South Korea from 2014 to 2023

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Release date

January 2024

Region

South Korea

Survey time period

2014 to 2023

Special properties

December of each year

Supplementary notes

Figures have been rounded.

Based on the December price index of each year. 

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