Why Korea’s real estate market is experiencing the biggest bubble of all time

‘Price-to-income ratio (PIR)’ in major cities (unit: times)
25.1
17.8
15.1
148
140
seoul
fly
Rome
London
New York
Numbeo (June 7th) data
Graphic Design: Eun-Kyung Lee

Compared to your income level, the cost of buying a house in Seoul is
You can feel the difficulty. Medium cow in Seoul
It takes more than 25 years for special households to own their own homes8.
It is estimated that: Housing costs are inflated.
More than 10 years more than New York, USA, famous for its
I have to buy a house
The Bank of Korea launched a price statistics comparison site for major countries,
According to the results of the framework analysis of NUMBEO,
Wool’s housing price-to-income ratio (PIR is 25.7 times (June
(based on 7 days). This number is in the Seoul area
When purchasing a median-priced home with average annual income
This means how long it takes:
Considering income level, housing prices in Seoul are already world-class.
It’s at the highest level. Paris (77.8 times) Rome (75.1 times)
Major cities around the world, including London (14.8 times) and New York (14.0 times)
You have to work at least 0 years more than the city’s citizens to buy a house.
You can: