South Koreans Investing Heavily In U.S. Real Estate

Part of a world-wide boom in cross-border investment, investors from South Korea are pumping a flood of money into the real estate markets of many U.S. cities.

As the market for homes softens in some U.S. cities, and predictions of slower price appreciation abound, the number of South Korean investors purchasing homes in the U.S. has risen dramatically.

Following the South Korean government's decision to lifted the cap on purchases of overseas real estate for residential purposes to $1 million, many Koreans have rushed maximize their returns and take advantage of the favorable exchange rate by investing in real estate.

""In the eyes of many Koreans, America is the safest place to invest," says Ahn Sang Moh, an agent at New Star Realty & Management in New York, a Korean-American real-estate firm with clients in Korea.

Although there are no data for residential real estate specifically, Korean direct investment in North America in the first three months of this year was more than $570 million, nearly half the $1.27 billion total for all of last year, according to the Bank of Korea."

Full Story: South Korean cash flows into U.S. real estate


Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

The Planetizen Guide to Graduate Urban Planning Programs is the only comprehensive ranking and listing of graduate urban planning programs available.
Starting at $24.95
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month