In this Yanolja Research Brief, we examined the relationship between the changes in the number of Airbnb accommodations in Seoul from 2010 to 2022 and the fluctuations in real estate prices and rents by legal district. The analysis revealed that Airbnb has played a significant role in the increase of property prices and rents in certain areas of Seoul, particularly exerting a pronounced influence in regions with higher speculative risks.

Issue Report: Airbnb's Growth and Its Imapct on the Seoul Real Estate Market

Key Economic Indicators