Real Estate in Korea
Last updated on Jun 09, 2023
Summary: An expat looking to buy a home in Korea should start by researching the different areas of the country and deciding which one best suits their needs. They should then contact a real estate agent who specializes in helping expats find homes in Korea. The agent can provide information on the different types of homes available, such as apartments, villas, and townhouses. The amenities that come with a home in Korea vary depending on the type of property and the area. Generally, homes in Korea come with basic amenities such as air conditioning, heating, and appliances. Some homes may also include additional features such as a balcony, garden, or parking space. Foreigners are allowed to own property in Korea, but there are some restrictions. For example, foreigners are not allowed to own land in Korea, and they must obtain permission from the government before purchasing a home. Additionally, foreigners are not allowed to own more than one property in Korea.
How do I find a place to live in Korea?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Korea is to use online resources such as websites and apps. Popular websites such as Goshiwon, Joonggonara, and Naver Real Estate are great places to start your search. Additionally, there are many apps such as Jikji, Naver Real Estate, and Naver Map that can help you find a place to live in Korea. You can also use social media platforms such as Facebook and Instagram to connect with people who may be able to help you find a place to live. Additionally, you can contact real estate agents who specialize in helping foreigners find a place to live in Korea," remarked one member in Korea.
"I lived with my in-laws for a few months, which was a great load-off. Then scouted out places near work. After a few weeks of looking on my own I brought in my boss to negotiate the fees--and he did a GREAT job. The place is about a 10 minute walk through the (safe) park to work, if brand new and less than I'd have paid downtown back home. Definately take a local to negotiate if at all possible," explained one expat living in Seoul, Korea.
What is a typical expat home or apartment like in Korea?
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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