What is the average property price in Daegu?

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BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Daegu. If you'd like to learn more about us, you can check our presentation page.

What's the current average property price in Daegu?

As of September 2025, the average property price in Daegu sits at approximately $4,650 per square meter.

This represents a 3.9% decrease from the previous year, reflecting a market correction following several years of strong growth. The typical apartment in Daegu now costs around $227,000 (approximately ₩300 million), making it significantly more affordable than Seoul or Busan.

The price decline stems from increased housing supply and slight population shifts as some residents move to larger metropolitan areas. However, this correction has created attractive entry points for both investors and homebuyers looking for value in South Korea's property market.

Compared to other major Korean cities, Daegu offers exceptional affordability while maintaining robust infrastructure, educational institutions, and cultural amenities that support long-term property values.

It's something we develop in our South Korea property pack.

How do prices differ between apartments, houses, and commercial properties?

Apartments dominate Daegu's residential market and show the most transparent pricing structure.

In the city center, apartment prices average ₩9.9 million per square meter (approximately $7,200), while outside the center, they typically range from ₩6.7 to ₩8.3 million per square meter ($4,650 to $5,730). These apartments represent the most liquid and popular property type for both residents and investors.

Detached houses and villas are less common in urban areas but command premium prices, particularly in suburban districts like Dalseong-gun or upscale Suseong-gu. These properties typically cost more per square meter than apartments due to their exclusivity and larger plot sizes, though exact pricing varies significantly based on location and property features.

Commercial properties generally carry higher price tags per square meter, especially in high-traffic areas like Jung-gu's business district or popular shopping zones. However, commercial property pricing is highly variable and often negotiated privately, making it less standardized than residential properties.

The apartment market offers the most predictable pricing and strongest resale liquidity for most investors.

Which areas of Daegu are the most expensive, and which ones are more budget-friendly or up-and-coming?

What are the average prices per square meter for different neighborhoods?

City center districts including Jung-gu, Nam-gu, and Suseong-gu command the highest prices at approximately ₩9.9 million per square meter ($7,200).

Non-center urban areas such as Buk-gu and Seo-gu typically range from ₩6.7 to ₩8.3 million per square meter ($4,650 to $5,730). These areas offer good access to city amenities while maintaining more affordable pricing for families and first-time buyers.

The most affordable districts like Dong-gu generally fall on the lower end of this range, currently presenting excellent value opportunities. These areas are experiencing new development projects and infrastructure improvements that support future price appreciation.

Suseong-gu stands out as the premium district, often exceeding average city center prices due to its reputation for excellent schools, green spaces, and luxury residential developments. Properties here attract affluent families and expatriate professionals seeking high-quality living environments.

Can you give examples of recent purchase prices for typical properties?

A typical 3-bedroom apartment of 85 square meters in central Daegu currently costs approximately ₩841.5 million ($610,000).

The same sized apartment in more affordable districts like Dong-gu or Buk-gu ranges from ₩570 to ₩705.5 million ($410,000 to $507,000). These examples reflect actual market transactions from recent months and demonstrate the significant price variations across different neighborhoods.

For premium properties in Suseong-gu, prices can exceed these averages considerably, with luxury apartments often reaching ₩1 billion ($725,000) or more for similar sized units. These properties typically feature high-end finishes, building amenities, and prime locations near top schools and parks.

Smaller 2-bedroom apartments (60-70 square meters) in emerging areas like Dong-gu can be purchased for ₩400-500 million ($290,000-$360,000), making them attractive entry points for first-time buyers and investors seeking rental income opportunities.

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How much do fees, taxes, and other transaction costs add on top of the purchase price?

Total buyer costs in Daegu range from 2% to 14% of the purchase price, depending on property value and buyer circumstances.

Real estate agent fees typically cost 0.3% to 0.9% of the purchase price and are often negotiable. Acquisition tax ranges from 1.1% to 4%, with higher rates applying to buyers purchasing multiple properties or luxury homes above certain thresholds.

Registration fees and legal costs usually add another 0.5% to 2% to the total transaction cost. These cover property title transfer, legal documentation, and government registration requirements that ensure proper ownership transfer.

Foreign buyers and investors purchasing high-value properties often face costs toward the higher end of this range. It's essential to budget for these additional expenses when calculating total investment requirements, as they can significantly impact overall returns.

Working with experienced local legal professionals helps ensure all fees are properly calculated and no unexpected costs arise during the transaction process.

What are the usual mortgage rates and financing options available right now?

As of September 2025, typical mortgage interest rates in Daegu hover around 2.5% annually for qualified borrowers.

Korean banks commonly offer loan-to-value ratios of 60% to 70%, meaning buyers need to provide 30% to 40% as a down payment. Interest rates vary based on credit history, employment status, and the specific loan-to-value ratio requested.

Non-Korean residents may face stricter requirements, including higher down payment percentages or proof of long-term residence status. Some banks require foreign buyers to demonstrate stable income sources and existing relationships with Korean financial institutions.

Variable rate mortgages are most common, though some lenders offer fixed-rate options for shorter terms. The current low interest rate environment makes financing relatively affordable compared to many other countries, supporting property market accessibility.

It's something we develop in our South Korea property pack.

How have property prices in Daegu changed compared to one year ago and five years ago?

Daegu property prices have decreased 3.9% over the past year, reflecting a market correction after sustained growth.

This recent decline stems from increased housing supply and demographic shifts as some residents migrate to larger metropolitan areas. However, this correction has created attractive buying opportunities for investors and homebuyers seeking value in the current market.

Over the past five years, Daegu properties have appreciated 27% total, representing strong historical performance despite the recent correction. Most of this growth occurred between 2019 and 2023, during a period of robust economic development and infrastructure investment.

The five-year performance demonstrates Daegu's fundamental strength as a property market, with the recent price adjustment creating a more sustainable foundation for future growth. Long-term investors view this correction as a healthy market development rather than a concerning trend.

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What are the forecasts for property prices in one year, five years, and ten years?

How does Daegu compare in price to other large Korean cities of similar size and importance?

Daegu's average price of $4,650 per square meter positions it as exceptional value compared to other major Korean cities.

Seoul commands approximately $9,250 per square meter, making it nearly twice as expensive as Daegu despite both cities offering strong infrastructure and amenities. Busan, Korea's second-largest city, averages $4,630 per square meter, making it remarkably similar to Daegu's pricing levels.

Smaller major cities like Gwangju and Daejeon typically offer lower prices than Daegu but also provide fewer growth prospects and urban amenities. This makes Daegu an attractive middle ground for investors seeking affordability without sacrificing future potential.

Daegu's position as Korea's fourth-largest city, combined with its industrial base and educational institutions, supports property values while maintaining accessibility for a broader range of buyers and investors.

The city's strategic location and ongoing development projects suggest it will continue offering competitive value compared to other major Korean urban centers.

What are the smartest property choices today if you want to live there, rent out short-term or long-term, or buy to resell later?

For residents prioritizing lifestyle and amenities, Suseong-gu and Nam-gu offer the best combinations of quality, convenience, and community.

• Suseong-gu provides top-tier schools, extensive green spaces, and premium apartment complexes that attract affluent families and expatriate professionals
• Nam-gu blends modern conveniences with traditional Korean charm, creating an appealing environment for diverse residents
• Jung-gu suits those seeking vibrant urban energy with business opportunities and cultural attractions
• Buk-gu and Dong-gu offer excellent value for first-time buyers and young families seeking affordability with growth potential
• Dalseong-gun appeals to buyers wanting larger homes and suburban tranquility while maintaining city access

Short-term rental investors should focus on Jung-gu for business travelers and Nam-gu for tourists seeking authentic Korean experiences with modern comfort.

Long-term rental properties perform best in Buk-gu and Dong-gu, where affordable rents attract steady tenant demand from young professionals and families. These areas also offer the strongest appreciation potential for patient investors.

For resale profit, emerging neighborhoods like Dong-gu present the most compelling opportunities due to current affordability combined with planned infrastructure improvements and development projects.

Overall, what would be considered the best options in Daegu depending on whether you're focused on lifestyle, rental income, or future resale profit?

It's something we develop in our South Korea property pack.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. BambooRoutes - Daegu Property Analysis
2. Global Property Guide - South Korea Price History
3. BambooRoutes - Daegu Price Forecasts
4. BambooRoutes - South Korea Apartment Prices
5. BambooRoutes - Daegu Area Analysis
6. Numbeo - Daegu Property Investment
7. Maeil Business News - Real Estate
8. Expatistan - Daegu Cost of Living