Fri, Apr 25, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Market Moves, Mortgage more

South Korea: More steps needed to prevent property price fall: FSC chief

Posted on 08 October 2012

South Korea’s top financial regulator said Monday he will beef up measures to prevent a further slump in the metropolitan property market as part of efforts to expedite the economic recovery. “Chances for a protracted economic slowdown are high, thus a strong possibility that household debts will worsen on a sagging property market,” said Gov. Kim Seok-dong, the head of the Financial Services Commission (FSC), at the annual parliamentary inspection.
He pointed out that a lot of mortgage holders are having trouble managing their debts they took out when the housing market hit a boom, until they began to take a dive as the local property market faltered mainly due to an oversupply………………………………………..Full Article: Source


 Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930