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| Top 5 preferred by foreigners in Korea (preferred region, foreigners, investment) |
In recent years, demand from foreigners to invest in and reside in Korean real estate has steadily increased. Certain cities and regions have become especially popular among foreign investors and residents. Factors such as education, culture, healthcare, and transportation play a major role. This article introduces the top 5 regions in Korea most favored by foreigners, highlighting each area's unique characteristics and investment value.
Gangnam-gu, Seoul – The No.1 Investment Area for Foreigners (Popular Area)
Gangnam-gu in Seoul has long been the most popular district among foreign investors. It boasts prestigious schools, state-of-the-art medical facilities, luxury residential complexes, and excellent transportation infrastructure, making it a "global city within Korea." Districts like Samseong-dong, Cheongdam-dong, and Apgujeong are home to numerous embassies, international schools, and medical centers catering to foreigners. English services are widely available, and many executives of global companies and foreign investors choose to live in high-end apartments and officetels here. Gangnam-gu consistently ranks among the top areas where foreigners purchase property in Korea. It also offers high and stable rental yields. Due to the presence of multinational companies and long-term foreign residents, demand remains strong. However, high entry costs (property prices and deposit requirements) can be a barrier for some investors. Moreover, regulations targeting foreign buyers have tightened recently. Despite these challenges, Gangnam remains a premium area for both living and investing.
Bundang-gu, Seongnam-si, Gyeonggi-do – Excellent Education and Living Conditions (Foreigners)
Bundang-gu, located just outside of Seoul, offers a natural environment and excellent educational facilities, making it especially popular among foreign families. Areas like Sunae-dong, Jeongja-dong, and Seohyeon-dong have high concentrations of foreigners and are home to international schools and English-based academies. The proximity to Pangyo Techno Valley—a hub for IT companies—makes Bundang a convenient residence for foreign engineers and startup workers. The area is well-equipped with shopping malls, parks, hospitals, and public safety, adding to its appeal. Bundang also offers fast transportation links to Seoul, with travel to Gangnam taking less than 30 minutes. The upcoming expansion of the GTX rail line adds to its future investment potential. The region maintains consistent demand from foreign renters, making it an attractive option for medium- to long-term investors. Compared to Seoul, Bundang offers more affordable high-end housing, making it an ideal choice for foreigners seeking both residence and investment opportunities.
Jeju Island – Natural Environment and Residency Visa Benefits (Investment)
Jeju Island is more than just a tourist destination—it has become a popular real estate investment hub for long-term foreign residents and retirees. With its clean environment, tranquil lifestyle, and government support for foreign residency, Jeju is particularly favored by individuals from China, Singapore, and Hong Kong. Under Jeju's Real Estate Investment Immigration Program, foreigners who invest a certain amount in property can qualify for a residency visa. This has led many foreigners to purchase standalone houses, townhouses, and resort-style properties. The Jeju Global Education City (JDC) is home to several international schools and expat communities, attracting families focused on their children's education. Luxury villa complexes and foreigner-friendly commercial facilities are continuously being developed, further increasing the area’s future property value. However, land purchases by foreigners may require permits in certain zones. It’s essential to choose a trustworthy real estate agency and seek legal advice before investing. Jeju is widely recognized as a top destination for foreigners seeking a nature-oriented lifestyle or retirement in Korea.
The regions favored by foreign property buyers in Korea are influenced by more than just location. Education, environment, infrastructure, and administrative support all play a key role. Gangnam, Bundang, and Jeju are optimized for various purposes—from residential and educational needs to real estate investment—making them consistently in demand. Before purchasing property, be sure to check each region’s investment conditions and legal regulations carefully.
