Mean jeonse price of housing South Korea 2022, by province
In October 2022, the mean jeonse price of housing in South Korea amounted to around 288 million South Korean won. The mean housing price for jeonse was the highest in Seoul, at around 500 million South Korean won. Jeonse is a unique housing leasing system in South Korea. A large sum is paid to the landlord for the rental period, usually for two years. The deposit is returned to the tenants at the end of the two-year contract.