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Real Estate in Daegu, Korea

By Betsy Burlingame

Last updated on Jul 12, 2023

Summary: People living in Daegu, Korea offer advice about real estate. How do you find a home in Daegu? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Daegu?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Daegu involves several steps. First, you need to determine your budget and the type of accommodation you want. This could range from a one-room apartment to a larger family-sized apartment. Next, you should research different neighborhoods in Daegu to find one that suits your lifestyle and needs. Some popular areas for expats include Suseong-gu and Jung-gu. Consider factors such as proximity to work or school, access to public transportation, and the presence of amenities such as shops, restaurants, and parks. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for apartments in Daugau, such as Craigslist, Zillow, and local Korean websites like Zigbang and Naver. Another option is to hire a real estate agent, known as a "budongsan" in Korea. They can help you navigate the local property market, arrange viewings, and negotiate contracts. Keep in mind that you'll need to pay a commission for their services. When you find a place you like, you'll need to negotiate the terms of the lease. In Korea, it's common to pay a large deposit, known as "jeonse", which can be up to 50-80% of the property's value. However, you can also opt for a "wolse" system, where you pay a smaller deposit and monthly rent. Before signing the lease, make sure to inspect the property thoroughly and check for any issues. It's also a good idea to ask about the building's maintenance fees, as these can add a significant amount to your monthly expenses. Finally, once you've signed the lease and paid the deposit, you can move into your new home in Daegu. Remember to register your new address at the local government office within two weeks of moving in," explained one person living in Daegu, Korea.

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What is a typical expat home or apartment like in Daegu?

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About the Author

Betsy Burlingame 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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