Navigating the Korean housing market can be confusing. Here's what you need to know.
Types of Housing
- Jeonse (전세): Large deposit, no monthly rent
- Wolse (월세): Smaller deposit + monthly rent
- Goshiwon (고시원): Small rooms, cheapest option
Popular Areas for Foreigners
- Itaewon / Hannam - International community
- Hongdae / Sinchon - Young, vibrant, near universities
- Gangnam / Yeoksam - Business district
Tips
- Always use a licensed real estate agent (부동산)
- Get your lease contract reviewed before signing
- Check if utilities are included
- Deposit protection: Register your lease at the local district office