{"id":4870,"date":"2025-05-31T09:00:00","date_gmt":"2025-05-31T16:00:00","guid":{"rendered":"http:\/\/54.162.83.219\/?p=4870"},"modified":"2025-05-29T21:38:05","modified_gmt":"2025-05-30T04:38:05","slug":"foreign-ownership-korean-homes-surpasses-100000-chinese-buyers-account-56","status":"publish","type":"post","link":"https:\/\/guru.today\/?p=4870","title":{"rendered":"Foreign Ownership of Korean Homes Surpasses 100,000 Units\u2026 Chinese Buyers Account for 56%"},"content":{"rendered":"\n
\"\"
(Photo=Motionelements)<\/figcaption><\/figure>\n\n\n\n

For the first time, foreign ownership of homes in South Korea has exceeded 100,000 units, with Chinese nationals owning 56% of them.<\/p>\n\n\n\n

The Ministry of Land, Infrastructure and Transport released the latest statistics on foreign-held housing and land as of the end of last year on 30th.<\/p>\n\n\n\n

As of December 2023, foreigners owned 102,160 homes in South Korea, an increase of 5,158 units (5.4%) from six months earlier. Foreign-owned homes now account for 0.52% of the country\u2019s total housing supply.<\/p>\n\n\n\n

The number of foreign homeowners stood at 98,581.<\/p>\n\n\n\n

By nationality, Chinese nationals owned the most homes at 56,301 units (56.2%), up 3,503 from six months prior. This means Chinese buyers accounted for 68% of the total increase in foreign-owned homes in the second half of last year. The share of Chinese-owned homes has been steadily rising, from 55.0% in June 2023 to 55.5% by December.<\/p>\n\n\n\n

Americans came in second with 22,031 homes (22.0%), followed by Canadians with 6,315 units (6.3%).<\/p>\n\n\n\n

The majority of foreign-owned homes were apartments or other multi-unit dwellings (91,518 units), while single-family homes accounted for 8,698 units.<\/p>\n\n\n\n

About 72.7% of foreign-owned homes were located in the Seoul metropolitan area. Gyeonggi Province had the highest number at 39,144 units (39.1%), followed by Seoul with 23,741 units (23.7%) and Incheon with 9,983 units (10.0%). By city and district, Bucheon (5,203 units), Ansan (5,033 units), Suwon (3,429 units), and Pyeongtaek (2,984 units) had the highest foreign ownership.<\/p>\n\n\n\n

Among foreign homeowners, 93.4% owned just one property, while 5.3% (5,182 individuals) owned two homes. Another 640 owned three homes, 209 owned four, and 461 owned five or more.<\/p>\n\n\n\n

Foreign investors held 66,200 acres(103 square miles) of South Korean land as of late 2023 – a 1.2% annual increase. This accounts for 0.27% of the country\u2019s total land area. The combined official assessed value of foreign-held land was $24.4 billion, up 1.4% from a year earlier.<\/p>\n\n\n\n

Foreign land ownership saw high growth rates in 2014 and 2015, but the pace slowed in 2016 and has since maintained a gradual increase.<\/p>\n\n\n\n

By nationality, Americans owned the largest share of foreign-held land at 53.5%, followed by Chinese (7.9%), Europeans (7.1%), and Japanese (6.1%). The land area owned by Americans and Chinese increased by 1.5% and 2.0%, respectively, from the previous year.<\/p>\n\n\n\n

Regionally, 18.5% of foreign-owned land was in Gyeonggi Province, followed by South Jeolla Province (14.7%) and North Gyeongsang Province (13.6%).<\/p>\n\n\n\n

Among foreign landowners, 55.6% were ethnic Koreans with foreign citizenship, while foreign corporations accounted for 33.7% and non-Korean foreigners made up 10.5%.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the first time, foreign ownership of homes in South Korea has exceeded 100,000 units, with Chinese nationals<\/p>\n","protected":false},"author":5,"featured_media":4872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[38,57,32,54],"tags":[],"class_list":["post-4870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-stories","category-editors-choice","category-everyday-economy","category-top-section"],"yoast_head":"\nForeign Ownership of Korean Homes Surpasses 100,000 Units<\/title>\n<meta name=\"description\" content=\"The Ministry of Land, Infrastructure and Transport released the latest statistics on foreign-held housing and land as of the end of last year on 30th.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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