Over the past two years, the South Korean government implemented a series of measures to stabilize the real estate market and make it more transparent.
While investigating the rental market in Seoul, I spoke with Yonjoo Oh, CEO of Reloko. Yonjoo said it is important for assignees to understand the various ways of renting a property before they arrive in South Korea.
Like many locations throughout the world, the rental market in Dubai has been chaotic since the start of the pandemic.
I arrived in Cape Town during Stage 4 load shedding, when state-run energy company Eskom was conducting one of four scheduled two-hour blackouts. In Camps Bay, I passed expatriate quality homes along the water and saw that every home displayed a large security company sticker. I also noticed that, even during a blackout, electric fences were still buzzing.
This February I surveyed Cape Town, Durban, and Johannesburg, South Africa. After 30+ travel hours from Boston, I arrived in Cape Town eager to decompress in my hotel room. Once there, front desk staff informed me that I could not check in yet because the power was down. They explained that the typical length of a blackout is two hours and this one had started about a minute after my arrival.
Tenants in Canada (and most of the world) are required to pay for rent and utilities, as well as extra amenities like cable TV and internet. There are some parts of Canada, however, where renting water heaters is common, and the question of who pays – tenant or landlord – can cause confusion.