Tag: jeonse crisis

jeonse crisis

Latest News

Gangnam Central I-Park apartment in Yeoksam, Seoul. [HAM JONG-SUN]

Jeonse tricks no longer work as prices fall and market freezes

Higher rates are making the already chaotic real estate market more so. While newly built apartments are usually highly attractive, landlords are struggling to find tenants. Many are lowering their jeonse prices.

2022.8.3

A real estate agency in Songpa, southern Seoul, offers a 108.9 square-meter apartment for jeonse at 1.3 to 1.4 billion won in August. Jeonse prices continued to rise due to fewer jeonse offerings since the bills designed to protect tenants were pushed through in July 2020. [YONHAP]

Tenants worse off a year after laws were passed to protect them

Tenant protection bills pushed through in July 2020 have done little for the people they were drafted to help as jeonse prices have jumped due to the lack of available apartments.

2021.9.5

Tag: jeonse crisis

jeonse crisis

Latest News

Jeonse tricks no longer work as prices fall and market freezes

Tenants worse off a year after laws were passed to protect them

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