As of June 2026, a standard apartment in Busan costs about ₩520 million, or roughly $347,000 and €295,000, but the real price depends heavily on whether the apartment is in premium Haeundae, central Seomyeon, practical Yeonsan, family-focused Dongnae, or a cheaper outer district such as Saha or Sasang.
Get all the data you need about the real estate market in Busan
We constantly update this blog post so foreign buyers can read fresh Busan apartment price data instead of relying on outdated property headlines.
Busan in 2026 is not one simple apartment market, because coastal towers, central small units and older outer-district apartments can behave very differently.
This guide focuses only on residential apartments in Busan, with simple price ranges, buyer costs and neighborhood examples.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Busan.
Insights
- Busan apartment prices in 2026 look affordable beside Seoul, but prime Haeundae and Suyeong can still cost more than twice the citywide average per m².
- The average apartment price in Busan in June 2026 is around ₩520 million, but the median is closer to ₩430 million because cheaper outer districts pull the middle down.
- For a foreign buyer, the real Busan apartment budget is not just the sale price, because closing costs and financing friction can add 4% to 7%.
- Small studios in Busan can look cheap, but officetel-style units often have weaker resale demand and less generous bank financing than normal apartments.
- Yeonsan-dong, Munhyeon-dong and Jaesong-dong are more practical first-buyer areas than trophy waterfront blocks, especially for buyers who care about resale liquidity.
- New-build apartments in Busan usually cost 20% to 35% more than comparable resale apartments, with the biggest premiums near the coast and branded towers.
- Busan’s older coastal apartments need extra caution because sea air can increase long-term maintenance costs for façades, windows, elevators and metal parts.
- The Busan apartment market in 2026 is polarized, with prime coastal and subway-rich areas recovering faster than older peripheral stock.
- A foreign buyer looking at a ₩500 million Busan apartment should often prepare ₩200 million to ₩300 million in cash, including down payment and closing costs.
How much do apartments really cost in Busan in 2026?
What's the average and median apartment price in Busan in 2026?
As of June 2026, the estimated average apartment price in Busan is about ₩520 million, or roughly $347,000 and €295,000, while the median apartment price in Busan is closer to ₩430 million, or about $287,000 and €244,000.
To make the Busan apartment market easier to compare, the average price is around ₩6.3 million per m², or about $4,200 and €3,580 per m², which is about ₩585,000 per sq ft, or roughly $390 and €330 per sq ft.
Most standard resale apartments in Busan in 2026 fall between ₩300 million and ₩900 million, or about $200,000 to $600,000 and €170,000 to €510,000, before taxes and buyer costs.
How much is a studio apartment in Busan in 2026?
As of June 2026, a typical studio apartment or officetel-style residential unit in Busan costs about ₩180 million, or roughly $120,000 and €102,000.
Entry-level to mid-range studios in Busan usually cost ₩90 million to ₩230 million, or about $60,000 to $153,000 and €51,000 to €131,000, while high-end studios in Haeundae, Gwangan, Seomyeon or Jeonpo can reach ₩300 million to ₩400 million, or about $200,000 to $267,000 and €170,000 to €227,000.
Most studio apartments in Busan are small, usually around 18 m² to 35 m², so buyers should compare the total price and the price per m² before judging whether a unit is truly cheap.
How much is a one-bedroom apartment in Busan in 2026?
As of June 2026, a typical one-bedroom apartment in Busan costs about ₩300 million, or roughly $200,000 and €170,000.
Entry-level to mid-range one-bedroom apartments in Busan usually cost ₩220 million to ₩390 million, or about $147,000 to $260,000 and €125,000 to €222,000, while high-end one-bedroom units in Haeundae, Gwangan, Minrak or central Seomyeon can reach ₩400 million to ₩550 million, or about $267,000 to $367,000 and €227,000 to €313,000.
A normal one-bedroom apartment in Busan is often around 35 m² to 55 m², with the smaller end more common near central subway stations and the larger end more common in older or less central buildings.
How much is a two-bedroom apartment in Busan in 2026?
As of June 2026, a typical two-bedroom apartment in Busan costs about ₩520 million, or roughly $347,000 and €295,000.
Entry-level to mid-range two-bedroom apartments in Busan usually cost ₩380 million to ₩700 million, or about $253,000 to $467,000 and €216,000 to €398,000, while high-end two-bedroom apartments in Haeundae, Suyeong, Marine City or Centum City can exceed ₩1 billion, or about $667,000 and €568,000.
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Busan.
How much is a three-bedroom apartment in Busan in 2026?
As of June 2026, a typical three-bedroom apartment in Busan costs about ₩750 million, or roughly $500,000 and €426,000.
Entry-level to mid-range three-bedroom apartments in Busan usually cost ₩550 million to ₩950 million, or about $367,000 to $633,000 and €313,000 to €540,000, while luxury three-bedroom apartments in Marine City, Centum City, Namcheon-dong or prime Haeundae can cost ₩1.2 billion to more than ₩2 billion, or about $800,000 to over $1.33 million and €682,000 to over €1.14 million.
A normal three-bedroom apartment in Busan is usually around 75 m² to 110 m², although premium Korean family apartments are often marketed by pyeong, building brand, school zone and parking quality.
What's the price gap between new and resale apartments in Busan in 2026?
As of June 2026, new-build apartments in Busan typically cost about 20% to 35% more than comparable resale apartments, with the highest premiums in coastal and branded projects.
The estimated average price for new-build apartments in Busan is around ₩7 million to ₩9 million per m², or about $4,700 to $6,000 and €4,000 to €5,100 per m².
For resale apartments in Busan, the estimated average price is closer to ₩5.5 million to ₩6.5 million per m², or about $3,700 to $4,300 and €3,100 to €3,700 per m².
Make a profitable investment in Busan
Better information leads to better decisions. Save time and money. Download our data.
Can I afford to buy in Busan in 2026?
What's the typical total budget (all-in) to buy an apartment in Busan in 2026?
As of June 2026, a foreign buyer should expect an all-in budget of about ₩545 million to ₩555 million, or roughly $363,000 to $370,000 and €310,000 to €315,000, for a standard ₩520 million Busan apartment.
This all-in Busan apartment budget usually includes the purchase price, acquisition tax, brokerage fee, registration costs, legal help, translation, bank setup costs and a small safety buffer.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Busan property pack.
What down payment is typical to buy in Busan in 2026?
As of June 2026, a realistic foreign buyer often needs 40% to 60% cash for a Busan apartment, so a ₩520 million apartment may require about ₩210 million to ₩310 million, or roughly $140,000 to $207,000 and €119,000 to €176,000, before all closing costs are fully settled.
Most Korean lenders may require at least 30% to 50% down from foreign buyers, and non-resident buyers can face even higher cash requirements if Korean income documents are weak.
For better mortgage terms in Busan, a foreign buyer should usually target a 45% to 60% down payment, because stronger cash reduces bank risk and makes approval easier.
Get fresh and reliable information about the market in Busan
Don't base significant investment decisions on outdated data. Get updated and accurate information.
Which neighborhoods are cheapest or priciest in Busan in 2026?
How much does the price per m² for apartments vary by neighborhood in Busan in 2026?
As of June 2026, apartment prices across Busan vary from about ₩3.5 million per m² in cheaper outer areas to more than ₩15 million per m² in prime waterfront towers, or roughly $2,300 to $10,000 and €2,000 to €8,500 per m².
The most affordable Busan neighborhoods include Dadae-dong, Saha, Sasang, older Buk-gu areas and parts of Gaya or Beomnaegol, where typical apartment prices often sit around ₩3.5 million to ₩5 million per m², or about $2,300 to $3,300 and €2,000 to €2,800 per m².
The most expensive Busan neighborhoods include Marine City, Centum City, Namcheon-dong, Jung-dong, Dalmaji, Gwangan and Minrak, where typical apartment prices often range from ₩8.5 million to ₩15 million per m², or about $5,700 to $10,000 and €4,800 to €8,500 per m².
What neighborhoods are best for first-time buyers on a budget in Busan in 2026?
As of June 2026, the top three Busan neighborhoods for first-time buyers on a budget are Yeonsan-dong, Munhyeon-dong and Jaesong-dong.
In these budget-friendly Busan areas, a practical apartment often costs about ₩350 million to ₩600 million, or roughly $233,000 to $400,000 and €199,000 to €341,000.
Yeonsan-dong offers subway access, Munhyeon-dong offers CBD-adjacent value, and Jaesong-dong gives buyers a Haeundae-adjacent discount without paying full Centum or Marine City prices.
The main trade-off is that budget-friendly Busan apartments can be older, less scenic or less prestigious, so buyers must check parking, building maintenance and resale demand carefully.
Which neighborhoods have the fastest-rising apartment prices in Busan in 2026?
As of June 2026, the fastest-rising Busan apartment areas are Haeundae-gu, Suyeong-gu and selected parts of Dongnae-gu.
In these stronger Busan neighborhoods, practical 2026 year-over-year price growth is roughly 4% to 8% for good apartment complexes, while weaker outer stock can still be flat or only slightly positive.
The main growth driver is selective demand for branded buildings, subway access, school reputation, coastal lifestyle and scarce prime land, especially around Marine City, Centum, Namcheon and better Dongnae blocks.
Get to know the market before buying a property in Busan
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
What extra costs will I pay on top of the apartment price in Busan in 2026?
What are all the buyer closing costs when you buy an apartment in Busan?
For a typical ₩520 million Busan apartment, buyer closing costs are usually about ₩25 million to ₩36 million, or roughly $17,000 to $24,000 and €14,000 to €20,000.
The main Busan apartment closing costs are acquisition tax, local surtaxes, brokerage fee, registration handling, stamp duty, title checks, translation, legal help and possible mortgage setup costs.
The largest closing cost for most Busan buyers is usually acquisition tax, especially when the apartment price is higher or the buyer already owns other Korean properties.
Some Busan closing costs can vary, because brokerage fees have caps but can still be negotiated, while legal, translation and mortgage-related costs depend on the transaction.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Busan?
Buyers should usually budget 4% to 7% of the purchase price for Busan apartment closing costs.
For most standard Busan apartment purchases, the realistic low-to-high range is about 4% for simpler lower-priced deals and about 7% for higher-priced or foreign-buyer transactions with financing and legal help.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Busan.
Buying real estate in Busan can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
What are the ongoing monthly and yearly costs of an apartment in Busan in 2026?
What are typical HOA fees in Busan right now?
Apartment management fees are common in Busan, and a normal 60 m² to 85 m² apartment usually costs about ₩180,000 to ₩350,000 per month, or roughly $120 to $235 and €100 to €200.
The realistic Busan range is about ₩80,000 to ₩180,000 per month for small studios, ₩200,000 to ₩400,000 for standard family apartments, and ₩450,000 to ₩900,000 for luxury Haeundae or Marine City towers, or about $55 to $600 and €45 to €510.
What utilities should I budget monthly in Busan right now?
A typical apartment owner in Busan should budget about ₩180,000 to ₩350,000 per month for utilities, or roughly $120 to $235 and €100 to €200.
The realistic monthly utility range in Busan is about ₩100,000 to ₩180,000 for a small unit and ₩220,000 to ₩420,000 for a family apartment, or roughly $65 to $280 and €55 to €240.
This Busan utility budget usually includes electricity, gas or heating, water, internet, basic building-related charges and seasonal air-conditioning or heating changes.
The most expensive utility for many Busan apartment owners is usually heating or electricity, depending on building system, insulation, household size and summer air-conditioning use.
How much is property tax on apartments in Busan?
A typical apartment owner in Busan pays around ₩600,000 to ₩1.2 million per year in property tax for a mid-market apartment, or roughly $400 to $800 and €340 to €680.
Property tax in Busan is calculated from official assessed value and Korean local tax rules, so the bill is usually lower than a simple tax rate applied to the full market price.
For most Busan apartments, annual property tax can range from about ₩300,000 to ₩4.5 million, or roughly $200 to $3,000 and €170 to €2,560, depending on apartment value and ownership situation.
What's the yearly building maintenance cost in Busan?
A typical Busan apartment owner should budget about ₩1.5 million to ₩3.5 million per year for maintenance and small repairs on a ₩500 million apartment, or roughly $1,000 to $2,300 and €850 to €2,000.
The realistic yearly maintenance range in Busan is about 0.3% to 0.7% of property value for newer or well-managed buildings and 0.8% to 1.2% for older apartments that may need bigger repairs.
Busan apartment maintenance costs usually include small repairs, appliance replacement, reserve contributions, window or plumbing work and occasional building-related owner expenses.
Some costs are included in monthly management fees, but private repairs inside the apartment and larger owner-specific upgrades are usually separate in Busan.
How much does home insurance cost in Busan?
A typical annual home insurance policy for a Busan apartment costs about ₩120,000 to ₩350,000, or roughly $80 to $235 and €70 to €200.
The realistic range is about ₩80,000 to ₩180,000 per year for a small apartment, ₩150,000 to ₩350,000 for a normal family apartment, and ₩400,000 to ₩900,000 for a premium waterfront unit, or roughly $55 to $600 and €45 to €510.
Home insurance is usually optional for Busan apartment owners unless a lender or building arrangement requires it, but foreign buyers should treat it as a low-cost protection against fire, leakage and liability.
Get the full checklist for your due diligence in Busan
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Busan, we always rely on the strongest methodology we can, and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why we trust it | How we used it |
|---|---|---|
| Korea Real Estate Board, National Survey of House Price Trends | It is Korea’s official real-estate price statistics body. | We used it as the main benchmark for Busan apartment price direction. We treated it as the trend anchor, not as a single listing-price source. |
| Public Data Portal, REB Real Estate Statistics API | It gives access to official REB real-estate datasets. | We used it to verify that REB price trends, transaction indexes and transaction-status datasets exist. We used it as the official data backbone behind our estimates. |
| MOLIT Actual Transaction Price System | It records reported Korean real-estate transaction prices. | We used it as the core evidence for actual apartment sale prices. We compared transaction-based levels with index and listing signals. |
| DAPT Apartment Transaction Interface | It republishes MOLIT apartment transaction data in a practical interface. | We used it to sanity-check district-level apartment transactions. We did not treat DAPT as official, but as a MOLIT-based viewing tool. |
| KB Land | KB is a major Korean housing-price data provider. | We used it to cross-check Busan apartment market direction and affordability. We gave more weight to REB and MOLIT when numbers differed. |
| Bank of Korea | It is Korea’s central bank. | We used it for interest-rate and credit-condition context. We assumed foreign buyers can face stricter underwriting than Korean salaried buyers. |
| Bank of Korea ECOS | It is the central bank’s economic statistics platform. | We used it to support mortgage-rate and macro checks. We treated BOK data as the strongest finance source. |
| KOSIS Korean Statistical Information Service | It is Korea’s official national statistics portal. | We used it for demographic and housing context. We used it to explain why Busan demand is selective rather than broad-based. |
| Ministry of Data and Statistics | It publishes Korea’s official economic and demographic statistics. | We used it for June 2026 macro context and inflation timing. We used it to keep the article written as of June 2026. |
| Housing and Urban Guarantee Corporation | HUG is a public housing-finance and housing-market institution. | We used it to cross-check new-apartment sale-price context. We used it especially for the new-build premium discussion. |
| K-apt Apartment Management Information System | It is Korea’s public apartment management-fee disclosure system. | We used it for Busan apartment management-fee context. We used it to separate monthly management fees from private owner repairs. |
| REB K-apt Information Page | It explains the public basis for K-apt disclosure. | We used it to verify why apartment management data is publicly collected. We used it to support maintenance-fee transparency checks. |
| Korea Law Translation Center | It provides official English translations of Korean laws. | We used it to verify the legal framework for taxes, brokerage and ownership. We converted legal rules into buyer-friendly cost ranges. |
| Supreme Court Internet Registry Office | It is the official registry portal for title checks. | We used it to explain title, lien and registration checks. We treated registry review as mandatory for foreign buyers. |
| Seoul Metropolitan Government Foreign Real-Estate Purchase Guide | It gives public English guidance on Korean buyer procedures. | We used it for foreign-buyer reporting and title-transfer steps. We applied the national procedure to Busan district-office filing. |
| Dongdaemun-gu Acquisition Tax Guidance | It explains Korean acquisition-tax payment timing in English. | We used it to verify the 60-day tax-reporting logic. We used it as a plain-English check against legal text. |
| Geumcheon-gu Foreigner’s Real Estate Acquisition Guidance | It explains foreigner reporting duties in simple English. | We used it to verify foreign-buyer acquisition reporting. We applied the same national process to Busan local offices. |
| MOIS Resident Registration Population Statistics | It is Korea’s official resident-registration population source. | We used it to understand Busan population and household context. We used it to frame demand as selective and neighborhood-specific. |
| European Central Bank, EUR/KRW Reference Rate | It is an official euro-area reference-rate source. | We used it to convert Korean won estimates into euros. We rounded conversions so the article stays easy to read. |
| Exchange-Rates.org USD/KRW 2026 History | It provides transparent historical currency tables. | We used it as a practical USD conversion cross-check. We rounded USD figures using a simple June 2026 reference rate. |
Make a profitable investment in Busan
Better information leads to better decisions. Save time and money. Download our data.
Related blog posts