In South Korea, rents paid for housing have increased year-on-year between 2011 and 2023, except in 2019. Nevertheless, the inflation-adjusted change was negative between 2017 and 2023, indicating that rents grew at a slower rate than inflation. For instance, in 2023, the nominal growth in rent prices amounted to 0.48 percent, whereas the real change (adjusted for inflation) was recorded at a negative 3.12 percent.
Year-on-year percentage change (real and inflation-adjusted) in the actual rent paid for housing in South Korea from 2011 to 2023
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Statista. (September 22, 2024). Year-on-year percentage change (real and inflation-adjusted) in the actual rent paid for housing in South Korea from 2011 to 2023 [Graph]. In Statista. Retrieved January 09, 2025, from https://www.statista.com/statistics/1496209/annual-change-in-rents-paid-by-households-korea/
Statista. "Year-on-year percentage change (real and inflation-adjusted) in the actual rent paid for housing in South Korea from 2011 to 2023." Chart. September 22, 2024. Statista. Accessed January 09, 2025. https://www.statista.com/statistics/1496209/annual-change-in-rents-paid-by-households-korea/
Statista. (2024). Year-on-year percentage change (real and inflation-adjusted) in the actual rent paid for housing in South Korea from 2011 to 2023. Statista. Statista Inc.. Accessed: January 09, 2025. https://www.statista.com/statistics/1496209/annual-change-in-rents-paid-by-households-korea/
Statista. "Year-on-year Percentage Change (Real and Inflation-adjusted) in The Actual Rent Paid for Housing in South Korea from 2011 to 2023." Statista, Statista Inc., 22 Sep 2024, https://www.statista.com/statistics/1496209/annual-change-in-rents-paid-by-households-korea/
Statista, Year-on-year percentage change (real and inflation-adjusted) in the actual rent paid for housing in South Korea from 2011 to 2023 Statista, https://www.statista.com/statistics/1496209/annual-change-in-rents-paid-by-households-korea/ (last visited January 09, 2025)
Year-on-year percentage change (real and inflation-adjusted) in the actual rent paid for housing in South Korea from 2011 to 2023 [Graph], Statista, September 22, 2024. [Online]. Available: https://www.statista.com/statistics/1496209/annual-change-in-rents-paid-by-households-korea/
