📌One-Sentence Summary
Seoul apartment transactions hit the highest level since August, driven by deregulation and expectations of interest rate cuts, with prices soaring, especially in the Gangnam area.
📌Background
After Seoul lifted land transaction permit zones on February 13, transactions surged, particularly in deregulated areas. Anticipation of an interest rate cut by the Bank of Korea, eased loan regulations, and the upcoming "Phase 3 Stress DSR" in July have further stimulated buying sentiment.
📌Impact
With Seoul apartment prices rising rapidly, the real estate market risks overheating. The Seoul city government may consider reintroducing regulations, and potential changes in government lending and real estate policies could further influence the market.
💭Finding news on a Sunday is so tough... Today, I’m diving into South Korea’s real estate news!
https://www.news1.kr/realestate/general/5720556 3 replies
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