Foreign homeownership in Korea surges 30% over 3 years, approaching 100,000 mark
Foreign nationals owned nearly 100,000 homes in multiunit housing, or "gongdong jutaek" — a category spanning high-rise apartments to low-rise "dasedae" multifamily homes — in Korea last year, with ownership rising roughly 30 percent over three years and Vietnamese holdings more than doubling, according to government data submitted to a lawmaker. The data from the Ministry of Land, Infrastructure…
Foreign homeownership in South Korea surged by 30% over three years, nearing the 100,000 mark, according to government data released to lawmaker Rep. Kim Mi-ae. The increase in foreign-owned multiunit residential properties reached 99,215 units in the second half of 2025, up 30.3% from 76,147 units in the same period three years prior.
Chinese nationals led the growth, with their holdings growing by 37.2% to 59,082 units, accounting for 69.5% of the total increase. Vietnamese nationals experienced the fastest growth rate, with their holdings soaring by 112% from 842 to 1,786 properties. American nationals remained the second-largest foreign group in foreign homeownership.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
