Property for Sale South Korea
Explore property for sale throughout South Korea by searching real estate listings from owners, agents, developers, and hotel owners. Whether you’re looking for land to build a new home or an investment opportunity, South Korea offers a variety of options.
Selling South Korean Property
Homesgofast.com provides exposure to international buyers seeking holiday homes, relocation properties, second homes overseas, or investment opportunities. Our platform attracts visitors from the UK, USA, and Europe, allowing you to advertise your South Korean property listings effectively.
Land for Sale in South Korea
Use Homesgofast.com to find land for development in desirable locations such as Seoul, Busan, and Jeju Island. Enjoy stunning ocean views, proximity to cultural landmarks, and vibrant communities. Find land for sale near popular tourist attractions and dynamic cities.
Investing in South Korean Real Estate
Rental Income
Nonresidents earning rental income in South Korea are taxed at a flat rate of 22% on the gross rental income, without deductions.
Investment Property South Korea
Capital Gains
Capital gains from property sales are taxed at varying rates depending on the holding period and the type of property.
Inheritance
Inheritance tax is imposed at progressive rates, with higher rates applied to larger estates.
Residents
South Korean residents are taxed on their worldwide income, including income from property investments abroad.
A valuable resource for investors is Statistics Korea, which provides independent statistics on various economic indicators.
South Korean Rural Properties for Sale
Recent sales in South Korea include:
- A luxury villa in Gangnam, Seoul
- A beachfront estate in Haeundae, Busan
- Mountain-view homes in Pyeongchang
- Modern apartments in Itaewon, Seoul
Living in South Korea
The rental market in major South Korean cities and popular tourist areas can be competitive. Rental prices vary, but expect to pay a premium for central and scenic locations. The demand for rental properties is high due to the influx of tourists, expatriates, and investors.
Buying a House in South Korea
Property transaction costs in South Korea typically range from 4% to 7% of the property price. Buyers are responsible for these costs, which include real estate agent fees, transfer tax, and registration fees. Real estate agent commissions are usually between 0.4% and 0.9% of the sales price, plus VAT. Transfer tax and other closing costs vary but are often significant.
Seoul Property
Seoul, the capital, is known for its vibrant culture, historic landmarks, and diverse real estate market. Property prices are highest in central districts like Gangnam and Itaewon.
Busan
Busan is famous for its beautiful beaches and thriving port. It is a prime location for holiday homes and investment properties.
Jeju Island Real Estate
Jeju Island offers stunning coastal properties with breathtaking ocean views. It is a popular area for holiday homes and resorts.
Pyeongchang Real Estate
Pyeongchang is renowned for its picturesque landscapes and winter sports facilities. It offers a mix of vacation homes and residential properties.
More Areas Where Homesgofast.com Helps Sell South Korean Property
- Incheon Real Estate Listings
- Daegu Real Estate Listings
- Daejeon Real Estate Listings
- Gwangju Real Estate Listings
- Ulsan Real Estate Listings
- Suwon Real Estate Listings
- Changwon Real Estate Listings
- Gyeongju Real Estate Listings
Resources
More about South Korea here: South Korea
