Jeonse price growth rate of residential houses South Korea 2011-2022
In 2022, jeonse prices in South Korea declined by around -5.6 percent year-on-year, the highest decrease since the beginning of the surveyed period. 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.