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Real Estate Briefing - Categorized | Finance, Market Moves more

Korea: Importance of valuations in real estate market

Posted on 13 June 2011

The ongoing real estate project financing problems in Korea have highlighted that an inability to accurately understand the “market value” for real estate assets can have severe consequences.

The impact of financiers reportedly providing loans to contractors based on their credit rating rather than the market value and feasibility of individual development projects has been severe, filtering down from bankrupt developers to frozen savings banks and onto the general public………………………………………Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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