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Should I buy or rent a home in Korea?

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

"Buying a home in Korea can be a great investment, as the real estate market is growing steadily. However, it is important to consider the cost of living in the area, as well as the availability of financing options. Renting a home in Korea can be a more affordable option, as it allows you to live in the area without the long-term commitment of a mortgage. Additionally, renting can provide more flexibility if you are unsure of how long you will be living in the country. Ultimately, the decision to buy or rent a home in Korea should be based on your individual needs and financial situation," commented one expat who made the move to Korea.

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Should I buy or rent a home in Korea?

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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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