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SOUTH KOREA SEOUL HOW TO

The accommodation in these buildings is more spacious, with no elevator, and fewer residents. Typically, villas are individually owned, so your landlord might be living next door to you. These are usually situated further away from the center and have fewer than six floors.

Villas – while it might sound like a big fancy house, villas are actually apartment buildings as well.

These are an affordable option, especially for those living in big cities. They are studio-type rentals that have all the essentials in one room. These types of spaces are small and popular among people that live on their own and allow for the tenants to register their business at the address.

Officetels – as the name suggests, these are a combination of an office and a hotel.

This is one of the pricier options available. The apartments themselves are often bigger, with more than one room, about 30 pyeong. The height and the number of the buildings might differ in smaller cities, but in general they are owned by a company that has its own brand (e.g.: Hyundai or Lotte). Apartments here are high-rise complexes comprised of 8–16 buildings.

Apartments – these are more luxurious in Korea.

You can find more information about it further on in the guide. Also, note that a deposit here is called “key money” and is very important when drawing up your lease. Balconies as well as public areas, such as hallways and stairwells, are included in the measurements when the property’s size is evaluated.

One pyeong equals 3.31 square meters or 35.58 square feet. It is a measuring unit used to measure the size of the apartment.

For example, all expats that are looking for accommodation in South Korea will come across pyeong (평, 坪). If you do decide to look around, there are a few things you have to keep in mind. Things to Know When Looking for an Apartment Contact local InterNations GO! specialists to help you navigate the Korean rental market. That is why it is highly advisable to hire a real estate agent that can communicate for you and get exactly what you are looking for. Furthermore, the ads might be completely fake, designed to lure in a potential tenant.

It is not unusual for the apartment to look completely different than in the advertisement. If you do not know the language you might struggle to find anything good and if you do, you will have trouble contacting or negotiating with your potential landlord.Īnother problem that is very common in South Korea is misleading ads. The common problem that most foreigners come across when trying to find a place in Korea is that everything, including the most popular apps and websites for rentals, are in Korean. The bad news is that most of the apartments are quite small compared to what most expats might be used to. South Korean rental prices are also not terribly expensive, especially when compared to some European and North American countries, but expats moving to Seoul should expect to pay the most. The good news is that the rental market is very fast and, once you land, you can find a place here in a matter of a week or two.

SOUTH KOREA SEOUL HOW TO

There is some good and bad news for those thinking how to rent an apartment in South Korea. Still, the buying process is not much more complicated for expats than it is for locals, so if you have enough savings, investing in property can be a viable option. The best option to get a bigger place is prioritizing the suburban areas over the more popular city centers.Ĭonsidering taking a step further and buying a house in South Korea? Know that it is quite expensive to do so. If you are looking for houses or apartments to rent that could fit your whole family, know that getting a bigger place is considered a luxury and houses are mostly reserved for the rich and privileged. Most expats choose to live in small studios or apartments with no more than one room. However, when it comes to the different types of housing available, the options are limited. Many who opt for short-term rentals when they first relocate to the country, can move into long-term accommodation within a month of arriving here. The advantage of such a competitive housing market is that it takes no time for someone to find a place to live in South Korea.