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


Brand new! Urban Grid City Collection

Each city has its own unique story. Commemorate where you came from or where you want to go.
Grids and Guide Red book cover

Grids & Guides

A notebook for visual thinkers. Available in red and black.
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!