Your Resource for Korean Real Estate
Practical guides, frequently asked questions, and market updates for foreign property buyers and residents in Korea.
Frequently Asked Questions
Buying Property
Can foreigners buy property in Korea?
Yes. There are very few restrictions. Foreigners can buy apartments, houses, commercial properties, and land with rights comparable to Korean citizens.
Do I need a visa to buy property?
No. You can purchase on a tourist visa. However, buying property does not grant residency.
What is the typical buying timeline?
From search to registration, typically 2 to 3 months.
Can I get a mortgage as a foreigner?
Some Korean banks offer mortgages to foreign residents with stricter requirements. A larger down payment (typically 40%+) is usually required.
Renting
What is jeonse?
A uniquely Korean rental system — a large deposit (50–80% of property value) instead of monthly rent. The entire deposit is returned after the lease (usually 2 years).
Is my jeonse deposit safe?
Protections available include lease registration (hwakjeongilja) and jeonse deposit insurance. We strongly recommend both.
Do I need a guarantor to rent?
Many landlords require one, but agencies exist that serve foreigners without guarantors.
Visa & Settlement
Does buying property give me residency?
Generally no. The Tourism & Recreation Facility Investment Immigration Program offers a path for investments of 1 billion KRW or more in designated properties (program authorized until April 30, 2026).
What taxes do I pay?
Acquisition tax (1–3% residential, up to 12% multi-property, 4% non-residential), annual property tax (0.1–0.4%), Comprehensive Real Estate Tax for high-value properties, and capital gains tax when selling.
Blog Topics
Coming soon — we will publish regular articles on buying guides, rental tips, market trends, and life in Korea for foreign residents. Subscribe to our Weekly Market Report to stay updated.