Parts of Korea are now prohibiting real estate investment by foreigners who don't take up residence at the property they bought for two years after. #realestate #speculation #Korea #housingshortage
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Considering that the areas affected are all dealing with horrible housing prices and shortage of affordable housing, I fully support blocking anyone (Korean or foreign) from speculatively buying real estate w/ no plans to live there. n.news.naver.com/mnews/articl...
aug 21, 2025, 11:45 pm • 1 0 • view
Sure. But isn’t this only foreigners? That’s ridiculous!
aug 21, 2025, 11:48 pm • 1 0 • view
There are new restrictions on owning multiple properties that (if I understand it) makes the taxes go up a lot if you own too many properties, which is part of what's going on with the rental market these days-- people are trying to sell their extra places, not rent them out.
aug 22, 2025, 12:30 am • 0 0 • view
Right, but I hate that they’re differentiating between Koreans and non Koreans (assuming “foreigner” means non citizen and probably non PR)
aug 22, 2025, 12:48 am • 1 0 • view
I don't like it, but on the other hand, I understand it. This country has always been big on protectionism, so this tracks
aug 22, 2025, 1:56 am • 1 0 • view
Oh to be clear I’m not surprised at all! I just don’t think it’s the right way to do it. Foreigners are not the issue with housing prices in Korea!!
aug 22, 2025, 2:05 am • 1 0 • view
My cynical side says they can do this and say they're doing something
aug 22, 2025, 2:17 am • 1 0 • view
That’s absolutely correct lol. Many countries blame the foreigners
aug 22, 2025, 2:41 am • 1 0 • view
wonder how much of that targets speculators in general, and how much specifically aimed at buyers from China
aug 21, 2025, 11:46 pm • 1 0 • view
I would bet dollars to donuts that it is MEANT to target China, but...
aug 22, 2025, 12:30 am • 1 0 • view