SEOUL, May 30 (Bernama-Yonhap) — The number of homes owned by foreigners in South Korea surpassed 100,000 for the first time in 2024, with Chinese nationals accounting for more than 56 percent, Yonhap news agency reported government data showed Friday.
As of the end of last year, foreigners owned 100,216 homes in South Korea, up 5.4 percent from six months earlier, according to the Land, Infrastructure and Transport Ministry.
Foreign-owned homes made up 0.52 percent of the country’s total registered housing units, the ministry said.
The proportion of homes owned by Chinese nationals rose to 56.2 percent, or 56,301 units, up from 55.5 percent at the end of December and 55 percent at the end of June.
Americans were the second-largest group, owning 22,031 homes, or 22 percent of the total, followed by Canadians with 6,315 units, or 6.3 percent.
Most of the housing units owned by foreigners were located in and around Seoul. Gyeonggi Province accounted for the largest share with 39.1 percent, followed by Seoul with 23.7 percent and Incheon with 10 percent, the report added.
— BERNAMA-YONHAP