Korea
Are foreigners allowed to own property in Korea?
When we asked expats in Korea if foreigners are allowed to own property, they answered...
"Foreigners are allowed to own property in Korea, but there are certain restrictions. Foreigners are not allowed to own land, but they can own buildings and apartments. In order to purchase a property, foreigners must have a valid visa and must have lived in Korea for at least one year. Additionally, foreigners must have a Korean bank account and must provide proof of income. Foreigners are also subject to certain taxes and fees when purchasing a property," mentioned another expat when asked about moving to Korea.
Other Questions:
- What do I need to know before retiring in Korea?
- How do I meet people in Korea?
- What is life like in Korea?
- Is there a lot of crime in Korea?
- Is there a lot of diversity? Are people in Korea accepting of differences?
- What are the schools in Korea like?
- Is the cost of living in Korea high?
- What advice do you have for expats having a baby in Korea?
- What are healthcare services like in Korea?
- Is the cost of living in Korea high?
- What type of recreational facilities are in Korea?
- What is the weather like in Korea?
- Are there good restaurants in Korea?
- Where will I buy groceries and do other shopping in Korea?
- What are the visa & residency requirements in Korea?
- Are healthcare and health insurance expensive in Korea?
- What do I need to know when buying property in Korea?
- Are foreigners allowed to own property in Korea?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in Korea?
If you live in Korea, newcomers to Korea would love to hear your answer to this question:
