Fri, Oct 24, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Regulatory more

Korea: Deregulation can save sluggish real estate market

Posted on 29 January 2013

The sluggish real estate market in Korea is bound to hurt the people`s livelihood since real estate comprises 70 percent of their assets. The number of apartment transactions has reached just 796 this month in Seoul, which is home to 10 million people or a fifth of the population.
The figure is just half the combined transactions made over the same period last year. Amid lackluster demand, apartment prices have plunged while rental fees have skyrocketed. Many who put up their homes for sale years ago are still waiting for buyers, while others are having a hard time repaying housing loans………………………………………..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
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031