Jeonse price growth rate of residential houses South Korea 2011-2021
In 2021, jeonse prices in South Korea rose by around 6.5 percent year-on-year, the highest increase since 2012. 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.
