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Seoul Apartment Prices Turn 0.02% Down in 8 Weeks… Aftermath of Loan Regulations
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Today at a glance: Economy - News: Panoramic view of an apartment complex in Mapo-gu, Seoul from Namsan, Seoul "Since the loan regulation, apartment transactions have completely stopped. There are people who want to sell, but there are almost no inquiries about buying." (Representative of A, a public official in Sangwangsimni-dong, Seongdong-gu) "Loans are only available for 600 million won, and gap investment is virtually blocked.
Seoul apartment prices have turned downward due to the government's loan regulations. The government's policies are immediately reacting in the market. According to Real Estate R114 on the 4th, Seoul apartment prices have fallen 0.02% compared to the previous week. The downward turn is the first in 8 weeks.
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