Risk and sentiment
Korea House Price Index
Korea's monthly nationwide house sales price index, a read on the property cycle and household wealth.
At a glance
Korea House Price Index: latest value and prior change
As of 2026-07-31, Korea House Price Index is 101.6 idx. It is 0.29 idx higher than 101.3 idx on 2026-06-30.
Across 48 available observations from 2022-08-31 to 2026-07-31, the latest value is at the tie-adjusted 85th percentile.
- Observed on
- Default comparison window
- 2022-08-31–2026-07-31
- Observations · observed cadence
- 48 · Monthly
- Data source
- Bank of Korea ECOS
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
Korea House Price Index
2022-08-31–2026-07-31
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Interpretation guide
The Korea house price index: the biggest axis of household wealth
The nationwide house sales price index tracks transaction prices across all housing types monthly. With most Korean household wealth tied up in property, its direction is the backdrop for consumption capacity, household-debt health, and the construction cycle — the domestic economy's largest single variable.
How to read the index
The index is built from completed transactions, so it moves more gently than sentiment when volumes freeze. Turning points and speed matter more than levels, and volume context matters most of all.
- A flat index with collapsing transaction volume can be an early correction signal.
- As monthly data it confirms turning points one or two months after the fact.
- Reading it against jeonse (lease) prices separates end-user demand from investment demand.
The link to rates and household debt
Korean housing is highly mortgage-dependent and rate-sensitive. Policy and mortgage rates lead prices, while prices in turn back household debt as collateral — making this a financial-stability variable as much as a market one.
- Overlay TapeFlow's housing loans YoY and household credit YoY to track leverage flows.
- When rate-cut hopes revive, transaction volumes tend to respond before prices do.
- Falling prices plus heavy debt service tend to feed straight into weaker consumption.
Uses from an equity perspective
House prices drive construction, materials, furniture, and remodeling directly, and consumer stocks broadly through the wealth effect. But money rotates between property and equities differently by regime — avoid one-directional readings.
- Housing recoveries tend to lift builders and banks' earnings outlooks together.
- Tighter property regulation has at times pushed liquidity toward stocks and crypto.
- Policy announcements move the market before the index does; track them alongside.