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No. of Multiple Home Owners Down 2 pct in 2021

No. of Multiple Home Owners Down 2 pct in 2021

SEOUL, Nov. 15 (Korea Bizwire) — The number of multiple home owners in South Korea fell 2 percent on-year in 2021, data showed Tuesday, apparently on tax burdens. The number of multiple home owners reached 2.27 million in 2021, falling from 2.32 million tallied in the previous year, according to Statistics Korea. They took up [...]

Gov’t, Ruling Party to Allow Low-priced Home Owners to Opt for Fixed-rate Borrowing

Gov’t, Ruling Party to Allow Low-priced Home Owners to Opt for Fixed-rate Borrowing

SEOUL, July 17 (Korea Bizwire) — The government and the ruling party on Sunday agreed to allow low-priced home owners to replace their floating rate-based borrowing with fixed ones as part of efforts to help ease their financial burden amid fast-rising borrowing costs. The decision was made at a policy consultation meeting between the government [...]

Homebuyer Preferences Change Following Onset of COVID-19 Pandemic

Homebuyer Preferences Change Following Onset of COVID-19 Pandemic

SEOUL, Nov. 17 (Korea Bizwire) — Potential homeowners first look at the architectural plans of the home prior to purchase, a survey showed Tuesday. Fides Development Co. and four other local real estate developers conducted a survey of 1,000 homeowners in the greater Seoul area, 22.9 percent of whom picked ‘architectural plans’ as the most [...]