Number of homes owned by foreigners in South Korea exceeds 100,000

The number of homes in South Korea owned by foreigners has topped 100,000 for the first time, with 56% of them owned by Chinese nationals.
According to the Ministry of Land, Infrastructure and Transport of South Korea, as of the end of last year, the number of foreigners who owned homes was
The number of foreign-owned homes in Korea was 98,561, and the number of homes owned by foreigners was calculated to be 100,216. Homes owned by foreigners account for 0.52% of the total number of homes.
Looking at homes owned by foreigners by nationality, Chinese people made up the largest group with 56,301 homes (56.2%).
In addition, the number of homes owned by Chinese people increased by 503 units from six months ago, accounting for 68% of the increase in foreign-owned homes in the second half of last year.
This was followed by Americans with 22,031 homes (21.9%), and Canadians with 6,315 homes (6.3%).
Meanwhile, 72.1% of homes owned by foreigners are concentrated in the capital area. Seoul is home to 23,741 homes (23.7%), while Gyeonggi-do is the largest city.
Gyeonggi Province had 39,144 units (39.1%), and Incheon had 9,983 units (10.0%).