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Busan Metropolitan City Announces Official Individual Housing Prices as of January 1, 2026

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Busan Metropolitan City announced today (30th) that it has determined and officially disclosed the individual housing prices as of January 1, 2026, for 155,358 houses within the city.

This year, the average rate of change in individual housing prices in Busan rose by 1.94%, following a 1.47% increase last year, marking a second consecutive year of growth. All 16 districts and counties recorded price increases compared to the previous year. Suyeong-gu saw the highest increase at 2.68%, followed by Dongnae-gu at 2.54%, Haeundae-gu at 2.30%, and Yeonje-gu at 2.26%.

While individual housing prices in Busan generally showed a stable trend overall, increases were observed particularly in areas surrounding redevelopment zones and coastal residential communities. In addition, the standard housing price change rate, determined and announced on January 23 this year, rose by 1.96%, and individual housing prices were adjusted upward at a similar level.

The highest-priced house in Busan this year is a detached house located in Amnam-dong, Seo-gu, with an official price of 5.444 billion won, while the lowest-priced house is located in Gamcheon-dong, Saha-gu, with an official price of 2.08 million won.

The officially disclosed prices can be checked on the Real Estate Price Disclosure website (www.realtyprice.kr). If there are objections to the disclosed prices, owners or interested parties may submit an objection for individual housing prices from today (30th) to May 29 through the website or the tax department of the relevant district or county.

Districts and counties will re-examine the appropriateness of the submitted objections by June 25. After verification by the Korea Real Estate Board and deliberation by the district and county Real Estate Price Disclosure Committees, the final adjusted prices will be officially announced on June 26.

Meanwhile, individual housing prices are used as the tax base for acquisition tax and property tax after the date of disclosure, and also serve as the basis for various national taxes, including the comprehensive real estate holding tax and capital gains tax.