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Real Estate in Geoje, Korea | Expat Exchange
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Real Estate in Geoje, Korea

By Betsy Burlingame

Last updated on Feb 13, 2023

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

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How do I find a place to live in Geoje?

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

"Finding a place to live in Geoje involves several steps. First, you need to determine your budget and the type of accommodation you want. This could range from a small studio apartment to a larger family home. Next, you should research the different neighborhoods in Geoje. Some popular areas include Okpo-dong, known for its expat community and proximity to shipbuilding companies, and Gohyeon-dong, the city center with plenty of shops and restaurants. Once you have an idea of where you'd like to live, you can start looking for available properties. There are several online platforms where you can find listings, such as Craigslist, Airbnb for short-term rentals, and various Facebook groups like "Geoje Foreign Residents Information". You can also use a real estate agent, known as a "budongsan" in Korea. They can help you navigate the local property market, negotiate with landlords, and understand the rental contract, which will likely be in Korean. When you find a place you like, you'll need to pay a deposit, known as "key money", and possibly also a few months' rent in advance. The amount of key money can vary widely, from a few million won to over a hundred million won, depending on the property. Finally, before signing the contract, make sure to check the condition of the property thoroughly. Look for any signs of damage or wear and tear, and ensure all appliances are in working order. Remember, it's important to take your time and not rush the process. Finding the right place to live can greatly enhance your experience in Geoje," said one expat who made the move to Geoje.

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

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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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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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