South Korean housing market Archives | Be Korea-savvy
Seoul Housing Prices More Expensive Than London and LA

Seoul Housing Prices More Expensive Than London and LA

SEOUL, Sept. 4 (Korea Bizwire) – A new study has claimed housing prices in Seoul are more expensive than London and Los Angeles, considering the average household incomes in each city. The study released by the Bank of Korea on Sunday shows the average housing price is over 10 times higher than the disposable annual income [...]

Tougher Rules to Affect Some 400,000 Mortgage Borrowers

Tougher Rules to Affect Some 400,000 Mortgage Borrowers

SEOUL, Aug. 3 (Korea Bizwire) – South Korea’s stricter lending rules will likely affect about 400,000 potential mortgage borrowers in “speculative districts” in Seoul and the administrative capital of Sejong in the second half of the year, officials said Thursday. In its latest bid to rein in the overheating housing market, the government Wednesday designated [...]

Residential Skyscrapers Becoming Local Landmarks

Residential Skyscrapers Becoming Local Landmarks

SEOUL, Jul. 7 (Korea Bizwire) — As tall apartment buildings are proving popular in the South Korean housing market despite the country’s sluggish economy, an increasing number of home buyers are eyeing the residential skyscrapers around the country, which are widely seen as symbols of high social status and wealth, as well as landmarks in the [...]