Jeju Island Real Estate
Jeju is a self-governing island province off Korea's south coast, and a real estate market with a very different character from Seoul — driven by tourism, lifestyle buyers and its own development and land-use rules rather than the capital's density and commuting patterns.
What the Jeju market is like
Jeju's property market is shaped by tourism and lifestyle demand as much as by local housing need — guesthouses, pension-style rentals and vacation homes sit alongside ordinary residential housing. The island has two main cities, Jeju City in the north and Seogwipo City in the south, each with a different feel: Jeju City is the administrative and transport hub, while Seogwipo is quieter and closer to the island's south-coast scenery.
Rules and considerations specific to Jeju
Jeju has its own development-restricted zones and agricultural/forestry land-use rules that don't apply the same way on the mainland, and these rules are updated periodically. If you're considering buying land or a home on Jeju, confirm the current rules for the specific parcel and property type with your realtor before committing — general Seoul-market guidance does not automatically carry over to Jeju.
Getting around
Jeju has no rail network; getting around is by car, taxi or bus. Jeju International Airport, in Jeju City, connects the island to Seoul and other major Korean cities with frequent flights.
Browse listings
See current Jeju listings, or read our cost of buying property guide for the taxes and fees that apply nationwide (Jeju-specific land-use rules are separate from these).
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Is buying property in Jeju different from Seoul?
Yes. Jeju has its own development-restricted zones and agricultural/forestry land-use rules that don't apply on the mainland, and the market itself is shaped more by tourism and lifestyle demand than Seoul's commuter-driven housing market. Confirm current rules for a specific property with your realtor.