What problems should I pay attention to when buying Jeju Island real estate?

Hello, here is information for your reference.

Jeju Island is the most famous leisure tourism island in Korea, and it is also the place that Koreans want to live most after retirement. A major feature of the island is its superior environment and proximity to China, making it a good place for China people to invest and emigrate.

However, Jeju Island Taobao reminds you that investing in Jeju Island real estate projects is not a trivial matter, so you must be cautious. Be sure to choose Jeju Island real estate project formulated by Jeju Island Government. In addition, the related property tax can not be ignored.

Please remember the following two points:

First, not all Jeju Island properties can be linked to immigrants, and the projects accompanying immigrants must be projects approved by Jeju Island Government.

Second, unlike China, although the purchased property is permanent property, it needs to pay 6% purchase tax, stamp duty and other taxes. In addition, we have to pay 0.2% property tax every year. Of course, property fees and other expenses are inevitable.

In addition, commuting and living costs are unavoidable for property buyers. Usually Jeju Island has the best climate, and when there are the most tourists, air tickets will naturally be the most expensive. In addition, Jeju Island is famous for its tourism, and its price level is slightly higher than other cities in South Korea. Although these effects are not obvious, they are also something that buyers need to consider.

I hope I can help you.