Real Estate in Jeju Island, Korea
Last updated on Mar 13, 2023
Summary: People living in Jeju Island, Korea offer advice about real estate. How do you find a home in Jeju Island? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Jeju Island?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Jeju Island involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a larger house, depending on your needs and financial situation. Next, you should research different neighborhoods on the island to find one that suits your lifestyle and preferences. Some areas may be closer to the beach, while others may be more urban or closer to nature. Once you have a general idea of where you'd like to live, you can start looking for specific listings. There are several online platforms where you can find rental listings, such as Zigbang, Naver Real Estate, and Craigslist Seoul (which also includes listings for Jeju). You can also work with a real estate agent, known as a "budongsan" in Korea. They can help you navigate the local real estate market and handle negotiations with landlords. To find a reliable agent, you can ask for recommendations from locals or expat communities. When you find a place you're interested in, make sure to visit in person before making any commitments. Check the condition of the property, the amenities, and the surrounding area. Finally, once you've found a place you like, you'll need to sign a lease and pay a deposit. In Korea, it's common to pay a large deposit upfront, which is usually refundable at the end of your lease. Make sure to read the lease carefully and ask any questions you may have before signing. Remember, moving to a new place can be challenging, especially in a foreign country. Don't rush the process and take your time to find a place that feels like home," remarked one foreigner who made the move to Jeju Island.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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What is a typical expat home or apartment like in Jeju Island?
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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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