The cost of a house in Gangnam, Seoul, South Korea, varies greatly depending on factors like size, location within the district, and the type of property.
- Average Prices: While prices fluctuate, the average purchase price of a house in Seoul, including Gangnam, was over 838 million South Korean won (around $650,000 USD) as of July 2024.
- Luxury Homes: Luxury homes in prime locations within Gangnam can easily exceed several billion won. For example, an 84-square-meter home (a common size in Korea) in Banpo-dong, a popular area in Gangnam, could cost around 2.16 billion won (about $1.6 million USD).
- Location and Type: Prices in Gangnam can vary significantly even within the district. Areas like Cheongdam-dong, Apgujeong-dong, and Nonhyeon-dong tend to be more expensive due to their upscale reputation. The type of property, whether it's an apartment, villa, or detached house, also influences the cost.
Note: These figures are estimates and can change depending on market conditions.
