Top 10 Real Estate Agencies in Korea: The Ultimate Guide

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Korea has a developed real estate market and ownership regulations are almost similar between locals and foreigners. Here, you’re not only allowed to buy commercial real estate on a freehold basis but also land.

With that said, some foreigners find it difficult to find real estate agents that can help them finding residential or commercial real estate in cities like Seoul, Busan, or on Jeju Island.

In this article, I list the top real estate agents available in Korea, explaining their history, services, and more.

1. Colliers International Korea

Founded in Canada in 1898, Colliers was originally called Macaulay Nicolls Maitland but merged with an Australian real estate company, Colliers, to expand their operations globally.

Colliers now has 396 offices with more than 15,000 employees in 69 countries and is considered a market-leader. Continue reading Top 10 Real Estate Agencies in Korea: The Ultimate Guide

Top 7 Property Developers in Korea: A Complete Guide

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Kore has a developed and large-sized real estate market that is well-known for struggling with ever-increasing prices, a reason why the government has informed new measures to curb investments.

With that said, there aren’t that many foreign property developers operating in Korea, you can mainly find a handful of big local companies that control the market.

Many foreigners ask what the biggest and most popular real estate developers are in Korea, therefore I’ve written this article where I list the most renowned brands.

1. Dongbu Corporation

Established in 1969, Dongbu Corporation is one of the oldest and most recognized property developers in Korea. It’s part of one of the country’s biggest conglomerates, the Dongbu Group.

The company has several subsidiaries working in real estate, manufacturing, shipping, insurance, chemical industry, and finance. Some include DB Insurance (Forbes 2000 Company), DB Savings Bank, DB Hitek, and DB Capital.

Dongbu Corporation was founded by Junki Kim as Miryung Engineering & Construction but later changed its name to the Dongbu Corporation in 1989. The head office is based in Seoul. Continue reading Top 7 Property Developers in Korea: A Complete Guide

How to Buy Industrial Real Estate in Korea: A Full Guide

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Korea is one of the most developed countries in Asia and has seen a great transformation in the past decades. A few decades back, it had a similar GDP per capita as the Philippines. After the war, it was even one of the poorest countries in the world.

Over the years, industries like shipbuilding, transportation, automotive, and consumer goods are just a few examples where Korea has positioned is self as a market leader.

Having one of the fastest-growing eCommerce markets globally, the logistics industry is transforming as well. This is something I will tap into later in this article.

Today, we review how foreigners can invest in industrial real estate and warehouses in Korea.

Topics covered:

  • Can foreigners buy industrial real estate in Korea?
  • Korea’s Industrial Real Estate Market
  • Primary Industrial Clusters
  • How can I find industrial real estate for sale?
  • Taxes

Can foreigners buy industrial real estate in Korea?

Foreigners have no particular restrictions to invest in industrial real estate in Korea, you can even own land on a freehold basis.

With that said, there are some regulations you have to abide by. Continue reading How to Buy Industrial Real Estate in Korea: A Full Guide

Investing in Korea Office Space & Buildings: A Foreigner’s Guide

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Seoul continues to climb in the rankings of Global Financial Competitive Indexes and gains increasingly more interest from investors. It’s also called the best digital city in the world with an economy that outperforms many of its neighboring peers.

Investing in office space and buildings is fairly straight-forward in Korea and Seoul. It also has one of the most developed REIT markets in the world.

In this article, I explain all the basics you need to know when investing in Korean office space and buildings.

Topics covered:

  • Can foreigners buy office space in Korea?
  • Korea’s Office Market
  • Office Prices in Seoul
  • How much does it cost to buy a building in Korea?
  • Property Taxes When Buying Office Space and Buildings
  • How can I find office space for sale in Korea?

Can foreigners buy office space in Korea?

Foreigners generally don’t have any issues to invest in commercial real estate in Korea. The country has a transparent and developed market where there is no need to set up a local company, for example, before you can get hold of office space. Continue reading Investing in Korea Office Space & Buildings: A Foreigner’s Guide

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 Property in Korea: A Complete Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Korea?
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Korea becomes increasingly popular among foreign property buyers.

It’s not strange, as it has one of the region’s strongest economies, is politically stable and expected to grow much in the coming decades.

In fact, Korea will even surpass Japan in terms of GDP per capita within the near future and continues to excel in a number of industries.

Yet before you buy property in Korea, it’s important that you know about foreign ownership regulations, property taxes, if you can get a visa or residency when buying property and more.

In this article you’ll learn the following:

Can foreigners buy property in Korea?

Foreigners don’t have any particular issues to buy residential or commercial property in Korea.

But you need to do thorough research and follow some regulations related to foreign ownership, especially if you’re a non-resident. In such case, you need to comply with the following acts:

Continue reading How to Buy Property in Korea: A Complete Guide

Buying an Apartment or House on Jeju Island: A Foreigner’s Guide

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Jeju Island has been a popular spot among foreign travelers and visitors. Some people claim that it’s one of the most beautiful islands they’ve ever visited. With waterfalls, a special local culture, crystal clear water and big green landscapes, it’s hard to disagree.

Foreign ownership regulations are also among the best in the region. And with the right amount of money, you’ll even get permanent residency when buying property. Sounds tempting?

Many people ask if it’s still a good bet to invest in Jeju Island. In this article, I explain the basics. Let’s start with the real estate market.

Jeju Island’s real estate market

Jeju Island was considered a good market for real estate investments in hospitality properties, like resorts, villas, and vacation homes, but the market has cooled down a bit.

This small island witnessed a boom in the real estate market during the past years, due to an increased influx of foreigners, especially Chinese. A well-known reason is because it’s located with proximity to some of the wealthier Chinese cities, like Shanghai and Beijing.

A lot of investment was made in land purchases, developments of new vacation homes, and beach resorts, again, mostly from China.

Favorable government policies have played a positive role for Chinese investments.

Continue reading Buying an Apartment or House on Jeju Island: A Foreigner’s Guide

5 Countries Where Foreigners Can Buy Land in Asia

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Asian countries have some of the most prominent and promising real estate markets in the world. While some foreigners prefer to buy condos, villas or apartments for investment or self dwelling purposes, you shouldn’t neglect the opportunities to buy land.

Personally, I believe that foreigners believe that it’s too hard to buy land, and from traditional reasons. But more and more people ask what opportunities they have when buying land in Asia. Unfortunately, there are not so many options available.

In this article, I list the 5 countries where you can buy and own land as a foreigner in Asia. Let’s have a look.

Continue reading 5 Countries Where Foreigners Can Buy Land in Asia

Buying a Property in Seoul: The Definitive Guide

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Seoul is the prime spot for investors in Korea, most people also decide to live here, for studies or work.

I’ve been in Seoul myself and know that it’s a great city, offering all the amenities that many foreigners (and myself) want.

The fact is:

Korea gets increasingly popular and the amount of foreigners grows with a fast pace, especially in Seoul.

Even if property is a bit more expensive, compared to other countries, you can find good deals if you look in the right areas.

In this article I explain how you can buy property in Seoul, the capital of Korea.

Seoul property market

Seoul has long been the preferred option when foreigners buy residential and commercial properties in South Korea.

And it’s not surprising.

Continue reading Buying a Property in Seoul: The Definitive Guide