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," commented one expat who made the move to Korea.
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Other Questions:
- What do I need to know before moving to Korea?
- How do I find a place to live in Korea?
- What is a typical expat home or apartment like in Korea?
- What is the average cost of housing in Korea?
- Should I buy or rent a home in Korea?
- What should I pack when moving to Korea?
- What cultural faux pas should I try to avoid making in Korea?
- Why do people move to Korea?
- What are healthcare services like in Korea?
- What are medical services in Korea like?
- What are typical rents 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:
