Menu

Real Estate in Seoul: An Introduction to Real Estate (Seoul)


Officetel is a small-town chapel within the hustle and bustle of Seoul. Its history dates back to the time when the first tenant moved in from England. The intention of the research is to identify an oft-forgotten element in contemporary Korea typifying the chaebo: the officetel. A portmanteau of an English hotel and office, the officetel was a small work area with only basic facilities. A story goes that on one occasion, a Chinese monk came to personally tend the monks who lived there.

The monk's wife brought with her a bottle of white wine and some bread slices. She presented them with a present - a very humble offering since it was just what the monks were receiving for so long. The generous act brought appreciation and the establishment of the officetel as a place where they can now receive their gifts. From this standpoint, it would seem that the evolution of Korean villas and apartments is directly associated with the evolution of seoul culture itself. In fact, many expats have come to consider it as a pivotal point in the rise of their own lifestyle in South Korea.

Many expats initially choose a private, secluded apartment or villa as their first option. But eventually, many recognize that the seclusion associated with choosing an official hotel or dormitory isn't enough to fully relax them. Perhaps it's also not conducive to a meaningful social life. This is where the notion of the serviced residence came into play. Serviced apartments or villas are popular amongst foreigners because of their accessibility, their accessibility of common areas, entertainment facilities and even more benefits like health clubs, spas, pools and more.

For anyone who has lived in Korea before, you may understand why expats choose the serviced apartment option above a hotel. To begin with, lodging in a dormitory is quite costly. Additionally, the absence of a personal space means that one is not able to fully appreciate the beauty of the country. On the other hand, by living in an apartment or villa, an individual can be assured that he/she will receive all the benefits of staying in one of Korea's best real estate properties.

One of the most attractive reasons to rent an official residence in Seoul is the availability of furnished apartments and karaoke bars, as well as other in-house services. Not only will these solutions permit you to fully enjoy your stay in Seoul, you will have the ability to save on transportation costs between your hotel and the true location of your choice. Click here for more Since it is a well-developed area, Seoul has a large assortment of transport links including the world-class Seongnam International Airport. So, if you're planning to see Korean cities like Busan, Daegu, Ulsan and Makchol, you won't have to spend a fortune to avoid.

To sweeten the deal even more, many Korean property deals are available for those interested in purchasing apartments and other serviced apartments in Seoul. The average price of these apartments ranges from five hundred dollars to three thousand dollars, depending on the size of the property, location, and amenities offered. As you would expect, costs for such properties tend to rise along with the city's economy; as a consequence, it may take a while before you find an official residence that meets your financial needs in the current market rate. Along with this, Korean property bargains often include discounts for those interested in securing financing, as well as special incentives for first-time house owners. However, if you're planning to make an investment, an officetel is generally a good choice, especially since the cost of living in Seoul is less than most of its major international competitors.

Go Back

Comment

Blog Search

Comments

There are currently no blog comments.