Buying Land in Korea: The Complete Guide

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Korea is undoubtedly one of the easiest countries to buy real estate in Asia and foreign investors have poured in during the past years.

This has left the country with uncontrolled price increases and locals are putting more pressure on the government to curb sales.

Despite its small size, Korea offers plenty of investment opportunities for land buyers. Jeju Island, Seoul, Busan, and Incheon are just examples of places that have become increasingly targeted by foreigners.

Even if it’s fairly easy and transparent to acquire land in Korea, you should understand what regulations that apply to foreigners and how you can find land for sale. Therefore, I decided to write this article. Continue reading Buying Land in Korea: The Complete Guide

How to Buy Hotels in Korea: An Overview

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The hotel industry has grown much in Korea in the past years mainly thanks to increasingly more tourists from China, but also Vietnam, Japan, and other regional countries.

Plenty of international hotel operators have opened new hotels in cities like Seoul and Busan and companies like Marriott are bullish on the market. Domestic traveling grows here as well, especially among young Koreans, that have a strong purchasing power.

With a promising economy and growing population, experts predict that the economy will perform well in the coming years.

However, investing in Korea hotels can seem like a challenging task with foreign eyes and requires that you do due diligence and work with a credible partner.

In this article, we review the following topics:

  • Can foreigners buy hotels in Korea?
  • The Hotel Market in Korea
  • Best Cities for Hotel Investments in Korea
  • How can I find hotels for sale in Korea?
  • How much do I have to pay my real estate agent?
  • What are the biggest hotel operators in Korea?

Can foreigners buy hotels in Korea?

Korea brings similarities to Japan where property ownership regulations are practically identical between foreigners and locals. Yet, both countries are renowned for exerting a high level of bureaucracy. Continue reading How to Buy Hotels in Korea: An Overview

Investing in Korea Commercial Property: Foreign Buyer’s Guide

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Do you plan to buy property in Korea?
Click here to get in touch with an experienced agent

Korea’s residential and commercial property markets have seen much investment recently. Locals have started to complain about rising prices and the government imposes higher taxes to cool down the market.

Cities like Seoul attracts many investors thanks to preferable ownership regulations, having a strong economy, and a bright future outlook.

We see large foreign corporations such as WeWork and Marriott expanding quickly in Korea, trying to grasp market shares.

Yet, before you invest in commercial property here, you must get your feet wet and learn about the market and local regulations first.

In this article, we review the following:

  • Can foreigners buy commercial property in Korea?
  • Buying Property through Companies and Trusts
  • Korea’s Commercial Property Market
  • Hotels
  • Office Space
  • Retail Property
  • Industrial Real Estate and Warehouses
  • Car Parks
  • Cities to Buy Commercial Property in Korea
  • Commercial Property Taxes

Can foreigners buy commercial property in Korea?

Foreigners don’t have any particular issues to buy residential or commercial property in Korea. With that said, there are three laws you need to comply with:

Continue reading Investing in Korea Commercial Property: Foreign Buyer’s Guide