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Korea's inflation-adjusted home prices fall 1.6% in Q3 of 2025: Data

Published: 02 Mar. 2026, 14:23 Updated: 02 Mar. 2026, 19:01

Apartments are seen from Mount Namsan in central Seoul on Feb. 25. [NEWS1]

Korea's inflation-adjusted home prices fell 1.6 percent in the third quarter of 2025 from a year earlier, ranking 47th among 56 major economies, data showed on Monday.

The decline in real residential property prices during July to September 2025 marked the 13th consecutive quarter of on-year contraction, according to the Bank of Korea (BOK) and the Bank for International Settlements.

Prices have been on the decline since the third quarter of 2022, when they turned negative following a 3.8 percent on-year increase in the second quarter of that year.

The data comes as the Korean government steps up efforts to tighten regulations on owners of multiple homes to curb speculative investments and the use of homes for nonresidential purposes.

Analysts said the continued decline in real or inflation-adjusted home prices may feel strange to the public, as nominal price movements without adjusting for inflation and sharp gains in parts of the greater Seoul area grab attention.

“Price increases in the second half of last year were largely concentrated in select districts within the capital region, highlighting deepening polarization in the housing market,” a BOK official said.

Yonhap