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Should I buy or rent a home in Gyeongju?

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If you have not spent a lot of time in Gyeongju, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"The decision to buy or rent a home in Gyeongju, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Gyeongju for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could potentially provide a return on investment if property values increase. On the other hand, renting might be a better option if you're not planning to stay in Gyeongju for a long time. Renting offers more flexibility, as you can move without the hassle of selling a property. It also doesn't require a large upfront cost like a down payment, and the landlord is typically responsible for maintenance and repairs. Consider the cost of living, the real estate market, and your lifestyle preferences when making your decision. It's also advisable to consult with a real estate professional or financial advisor to help guide your decision," remarked another expat who made the move to Gyeongju, Korea.

Other Questions:

Should I buy or rent a home in Gyeongju?

If you live in Gyeongju, newcomers to Gyeongju would love to hear your answer to this question.


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