South Korea will require foreigners buying homes in Seoul and the capital region to obtain permits, move in within four months, and reside for two years, as part of new measures to curb speculative investment and enhance scrutiny of overseas funds.
#YonhapInfomax #LandTransactionPermit #ForeignBuyers #ResidencyRequirement #MinistryOfLand #ComplianceFines #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=78062
#YonhapInfomax #LandTransactionPermit #ForeignBuyers #ResidencyRequirement #MinistryOfLand #ComplianceFines #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=78062
Foreigners Face 'Land Transaction Permit System' for Seoul and Greater Capital Area Home Purchases—Two-Year Residency Requirement Imposed
South Korea will require foreigners buying homes in Seoul and the capital region to obtain permits, move in within four months, and reside for two years, as part of new measures to curb speculative investment and enhance scrutiny of overseas funds.