Real estate spike drops rental deposit ratio
Published: 23 Jun. 2025, 19:22
![A man walks past a real estate agency displaying rental listings in Seoul on June 23 as the city undergoes a sharp rise in housing prices. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/06/23/04be00ef-620c-4d7c-8a20-ab4371007f37.jpg)
A man walks past a real estate agency displaying rental listings in Seoul on June 23 as the city undergoes a sharp rise in housing prices. [YONHAP]
A man walks past a real estate agency displaying rental listings in Seoul on Monday as the city undergoes a sharp rise in housing prices.
The uptick in prices has pushed the city’s average jeonse (a lump-sum deposit-based rental system)-to-price ratio to its lowest level in over eight years. According to real estate platform R114, the average jeonse ratio — the proportion of rental deposit to property sales price — for 1.57 million apartment units across Seoul's 25 districts fell to 45.2 percent in May, the lowest since January 2017.
with the Korea JoongAng Daily
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