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Real estate in Korea

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37.566535000000000 126.977969200000000 12 Hotel/Motel $ 1 380 000 4458822
Hotel/Motel
  • for sale
$ 1 380 000
476 $/m2
2900 m2
Price
Total area
Last Updated: more than 2 weeks
Details >>
Private owner
00639295558816
beachhotel.deluxe@gmail.com

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Real estate Korea

Real estate in Korea: the rise in prices, the growth in demand

Over the past few years, the demand for real estate in Korea from foreign buyers has increased dramatically. The prices in the local market are also steadily increasing. But the popularity of the local housing market is not only due to a steady rise in property prices, but also to a state level of the control over the real estate segment in the country. And this, in turn, practically eliminates the dramatic increase in the cost of housing in Korea, as well as eventual emergence of a market bubble.

Real estate in Korea: investing in holiday homes

The cost of real estate in Korea cannot be called a very affordable due to the high standard of living and the general level of economic development. The property prices in the capital are particularly high and the local sea and ski resorts are excellent. But this does not deterred buyers. Indeed those, who annually prefer to spend holidays by the sea in Jeju or used to have a rest in the ski resorts located near the Korean capital, know that to have a so-called cottage in Korea despite high prices is much better, rather than constantly pay for luxury hotels and living expenses in the country.

What kind of real estate in Korea can be purchased?

The housing market in Korea is very diverse. Foreigners are allowed to purchase any property here - like housing from owners and real estate from the builder. Local law also does not prohibit non-residents to participate in the joint construction, which allows people with average financial possibilities entering the market, saving on the difference in the commercial value of the finished sites. Due to the active new construction, the number of proposals from builders in Korea is very high both in the capital and in other major cities.

Become a property owner in Korea and obtain a residence permit

Foreign buyers are entering the Korean housing market not only for investment or with a desire to have a holiday home here. The country attracted a large proportion of those, who seek a secure and decent life in a developed, stable country. Buying a property over five hundred thousand Euros allows each owner of the property, who has lived in the country for three years to apply for a residency in Korea.

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