Real Estate in Ulsan, Korea
Last updated on Jul 04, 2023
Summary: People living in Ulsan, Korea offer advice about real estate. How do you find a home in Ulsan? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Ulsan?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Ulsan involves several steps. First, you need to determine your budget and the type of accommodation you prefer. This could range from a one-room apartment to a larger family-sized apartment. Next, you should research different neighborhoods in Ulsan to find one that suits your lifestyle and needs. Some popular areas for expats include Mugeo-dong, Samsan-dong, and Ok-dong. Consider factors such as proximity to work or school, access to public transportation, and the availability of amenities such as supermarkets, restaurants, and parks. Once you have a general idea of where you'd like to live, you can start looking for available properties. There are several online platforms where you can search for rentals in Ulsan, such as Craigslist, Zillow, and local Korean websites like Zigbang and Naver. You can also hire a real estate agent to help you in your search. Real estate agents, known as "budongsan" in Korea, are very common and can be found in almost every neighborhood. They can help you navigate the local rental market, arrange viewings, and negotiate contracts. When you find a place you like, you'll need to understand the rental system in Korea. There are two common types of rental contracts: Jeonse and Wolse. Jeonse involves paying a large lump sum deposit instead of monthly rent, while Wolse involves a smaller deposit and monthly rent. Finally, before signing a lease, make sure to thoroughly inspect the property and understand all the terms of the contract. It's also a good idea to ask about any additional costs, such as maintenance fees or utilities. Remember, moving to a new country can be challenging, so don't hesitate to ask for help or advice from locals or other expats," said one expat in Ulsan.
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What is a typical expat home or apartment like in Ulsan?
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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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