Results of the Survey on Foreign Direct Investment Worldwide
Dr.Sopon Pornchokchai, President, FIABCI-Thai Chapter and President, FIABCI World Council of Experts and Board Member of FIABCI International conducted this survey on Foreign Direct Investment in real estate. The purpose of this survey is to help investors. They can study in advance prior to invest in any related countries. We would like to thank all of our resource persons who help participate in this survey. All the best to you.
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Ms. Sumi Ku
Country: Korea South
Position: Representative
Organization: Sumi Ku's Appraisal Office
In 2022, what types of properties in your city are best for foreigners to buy?
| No. | Type | ||
| No.1 | |||
| No.2 |
How much is the cost of acquiring properties by foreigners?
Tax when Purchase, approximately
% to
% of the property value
Annual property tax, approximately
%
to
% of the property value
Inheritance tax, approximately
%
to
% of the property value
Annual Income Tax, approximately
%
to
%
Capital gain Tax, approximately
%
to
%
Valuation Fee approximately
USD
Brokerage Fee, approximately
%
to
% of the property value
Your suggestion on foreigners’ buying properties in your city.
Answer:Korea removed any obstacles for foreigners to purchase, hold, and transact real estate in Korea. Non-residents enjoy capital gain from their investment in Korean properties.
