Investment Property in Busan

Investment Real Estate in Busan

Busan property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Busan.

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Search Map of Busan Investment Real Estate

Busan (Korean pronunciation: ), formerly romanized as Pusan and now officially known as Busan Metropolitan City, is South Korea’s second-most populous city after Seoul, with a population of over 3.4 million inhabitants. It is the economic, cultural and educational center of southeastern South Korea, with its port—Korea’s busiest and the sixth-busiest in the world. The surrounding “Southeast Economic Zone” (including Ulsan and South Gyeongsang) is South Korea’s largest industrial area.

Busan is divided into 15 major administrative districts and a single county, together housing a population of approximately 3.6 million. The full metropolitan area, the Southeastern Maritime Industrial Region, has a population of approximately 8 million. The most densely built-up areas of the city are situated in a number of narrow valleys between the Nakdong and the Suyeong Rivers, with mountains separating most of the districts. The Nakdong is Korea’s longest river and Busan’s Haeundae Beach is also the country’s largest.

Busan is a center for international conventions, hosting APEC in 2005. It is also a center for sports tournaments in Korea, having hosted the 2002 Asian Games and FIFA World Cup. It is home to the world’s largest department store, the Shinsegae Centum City. Busan was added to the UNESCO Creative Cities Network as a “City of Film” in December 2014.

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The financial stability of Busan has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Busan

Renting out your Busan buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Busanare – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Busan and be prepared to change your initial outlook.
Thoroughly research the Busan location with a special emphasis on fringe areas outside the main Busan metropolis that may be valued lower than their better-known neighbours. Rental yields of around 5% are still attainable in certain areas of Busan.
Ensure that your target investment property in Busan appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Busan properties yourself is an easy option, but are these savings justifiable when you run into Busan red tape? Physis Realty Busan office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Busan buy-to-rent sector.

With our expert guidance, investing in Busan provides the secure knowledge that your money is working harder than it would in a local Busan bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Busan, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Busan property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Busan

Flipping property in Busan

Flipping property is when we advise clients to buy a Busan property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Busan market has a time to react to the renovation.

The Flipping Strategy in Busan

Investment property flipping in Busan is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Busan real estate investments are sometimes referred to by professionals as ‘distressed’ Busan real estate.

What is distressed Busan property:

Busan property in need of renovation
Busan real estate with a change of puropose and use
Oversold Busan property
Bank repossessions in Busan

Put simply, long term investors in Busan purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Busan investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Busan property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Busan use a minimum profit value of 22% when looking at potential Busan projects. The reason for this is because there are lots that can go wrong in Busan property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Busan

For luxury property investors hoping to add a superb property in {AsainCity} to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Busan, Physis Realty caters particularly to high net-worth individuals and families in Asia. A luxury real estate investment in Busan should be entrusted to only the highest-quality agency.

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