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Can Foreigners Buy Real Estate In Korea Without A Korean Co-applicant?

By Brian and Jeff On July 18, 2009 Under Commercial Real Estate Loans

Either land / residential property / commercial property.

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3 comments - add yours
survivor

July 18, 2009

Yes, and No.
You can buy the house, but lease the land for a long period of time (30years). Foreigners can own homes, but must lease the land. Usually done thru a Real Estate Company. You do not need to be married to a local national. You do need a valid passport and visa…

marf

July 18, 2009

yes

Boom Blatz

July 18, 2009

Hey marf, can you please give some substance to your answer. I am curious about this as well. I was under the impression that it could not happen, but I do not know for sure, so I did not offer an opinion.
Is it just coincidence that all the ex-pat bar owners have Korean spouses or partners?