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Accommodation > Purchasing and renting a house
Residential areas are spread all over Seoul, excluding the business districts in the northern part of the city.
Especially in the suburbs of Seoul, there are huge residential complexes that have been developed
over the last decade. The following are different types of payment methods for purchasing or renting
a house in Seoul.

Purchase
  For a foreigner wishing to purchase a house, it is advisable to seek the assistance of a real estate agent.
The price of land generally depends on the location and the age of the building.
A real estate agent will provide additional services like registration.

Rental type 1 - "Cheonse" (Key money deposit)
  A half or more of the value of the house is deposited to the owner for the term of the lease.
There are no monthly payments. This deposit is returned upon termination of the lease.
This is called the "Cheon-se" system, practiced mainly by the local Koreans, but is increasingly
becoming popular with foreigners as well.

Rental type 2 - "Wolse 1" (Key money deposit + monthly payment)
  Ten to twenty times amounts of the monthly rent are deposited for the term of the lease.
Monthly rent is also paid to the owner.
The deposit is returned to the tenant upon termination of the lease.

Rental type 3 - "Wolse 2" (Advance payment of total monthly rent)
  This requires advance payment of the monthly rent at a set date every month for the entire lease term.
No deposit is required. In Itaewon, Hannam-dong and Seongbuk-dong, this system is popular with foreigners.

Real estate agents
  The following agents provide legal services, packaging services, and/or general services regarding the purchase and/or rent of offices, and/or compiling contracts in English.

 
No. Agents Tel. URL
1 Nice Rent(K,E) 793-8866 http://www.nicerent.com
2 Best Real Estate 797-2005  
3 Century 21 Korea(K) 561-0021 http://www.century21.co.kr
4 Chung Hwa Realty 792-5377  
5 City Realty(K,E) 790-0907 http://www.city-realty.com
6 Crown Realty 790-2100
7 Doyle Realty(K,E) 2231-6197/9 http://www.realty-consultant-doyle.co.kr
8 Dream Land Realty 794-0811  
9 ERA Korea(K,E,C) 6003-5000 http://www.erakorea.com
10 Fudousan Korea 776-7710  
11 Green Realty(E) 749-8070 http://www.greenrealestate.co.kr
12 Happy Housing 790-9770  
13 Housing Finder(K,E) 711-3009 http://housingfinder.com
14 Housing Embassy
Consulting
796-7114 http://www.housingembassy.com
15 JH Realty 558-4202  
16 Jung Realty(K) 566-3931 http://myhome.naver.com/bestrs
17 Land Lover 516-0081  
18 Landmark Realty(K,E) 797-4555  
19 Lucky Realty Consulting(K) 6235-4989 http://www.luckyrealty.co.kr
20 Midas Real Estate(E) 792-7890 http://www.korealty.com
21 Mituri Real Estate(K) 790-7177 http://www.mitury.co.kr
22 My Agent(K,J) 508-3668 http://myagent.seoul.kr
22 My Agent(K,J) 508-3668 http://myagent.seoul.kr
23 My home Finding 2070-0075  
24 Ace Realty 797-8770 http://www.ace-realty.co.kr
25 Orient Realty(E) 3672-4400 http://www.orientrealty.com
26 PL Real Estate(E) 792-5000 http://www.plrealty.com
27 Plus Real Estate 534-4100  
28 RNI(K,E) 797-2300 http://www.rnirealty.com
29 Seoul Housing Realty
Consulting(K,E)
749-7111 http://www.seoulestate.com
30 TOP Realty(K,E) 790-7933 http://www.realestate.co.kr
31 U.N. Realty Service(K,E) 792-2558 http://www.realtyservice.co.kr


Making a contract
  A registered real estate agency can provide assistance. A real estate agent provides additional services like registration and a written contract in English, if wanted.

Ten percent of the deposit or one month rent (contract money) must be paid to the owner when you sign the contract. The rest should be paid when you move in.

You should show your alien registration certificate at the relevant district office.

You should report any alteration of address to the relevant district office with your alien registration certificate and passport. It is recommended to acquire the registration date certificate for guarantee of the legal validity of the realty contract at the time of the report.

Each contracting party pays a commission fee to the real estate agent.

You can get information on real estate agents through the Yellow Pages, internet or English newspapers such as The Korea Herald and The Korea Times.

#211, Itaewon-ro, Yongsan-gu, Seoul, Korea Tel. +82.2.793.8878 / web@seoulapartment.net
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