Moving to Korea > Housing

Condominium Purchases - Foreign Nationals

As of 12 September 2014, foreign nationals can buy condominiums in areas of the country eligible for the 'immigration through reall estate investment' system. The Tourism Promotion Act Enforcement Decree was amended in order to attract foreign capital to areas eligible for the 'immigration through real estate investment system' by easing regulations on the sale of condominiums to foreign investors.

Condominiums in the following tourism areas can now be sold to individual foreign buyers (this includes ethnic Koreans with foreign passports as well as non-Koreans):
Jeju Special Self-governing Province;
Daegwallyeong Alpensia Tourism Complex in Pyeongchang,
Gangwon Province;
Yeosu Gyeongdo Marine Tourism Complex in South Jeolla Province (Jeollanamdo);
Songdo District and part of Yeongjong District in the Incheon Free Economic Zone;
Cheongna International City;
Busan Haeundae Tourism Complex;
East Busan Tourism Complex.

K4E Note: Korea4Expats.com tries to ensure that the information we provide is accurate and complete, so should you notice any errors or omissions above please contact us at info@korea4expats.com.

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Last Updated on 2014-10-07

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After You Move In	Before Choosing Your New Home
Before Signing Rental Lease or Moving In	Bill Payment Options
Buying Real Estate - Commercial	Buying Real Estate - Residential
Change of Address Reporting Requirement	Condominium Purchases - Foreign Nationals
General Information About Housing	Housing Locations In Seoul
Housing Options, Korea	Moving Within Korea
Real Estate Agents - Budongsan	Real-Estate Terms - Translation
Renting in Korea, Lease Options	Utilities - Electricity, Gas, Water