President Lee Jae Myung's Lunar New Year holiday was dominated by a political spat over housing as he traded barbs with the conservative opposition over property ownership and real estate policy.
As foreign ownership in the Korean real estate market rises to record levels, the Seoul city government announced new measures aimed at increasing oversight of property transactions by non-Korean buyers.
Korea had the fastest rising home prices in the third quarter, according to Knight Frank. The British real estate consultancy said residential real estate prices in the country jumped by 23.9 percent during the July-to-September period compared ...
According to the Korea Appraisal Board, jeonse prices of apartments in September rose by 0.53 percent compared to a month earlier, the largest on-month increase since April 2015.
As Korea struggles to control rising real estate prices, the role of foreign buyers has become an issue.
Major apartment complexes that are set for reconstruction work showed signs of price recovery over the long weekend holiday, which runs between April 30 and May 3.
Korea JoongAng Daily Sitemap
