The Chosun Ilbo on MSN
Monthly rent overtakes jeonse in Seoul apartments
Amid the rapid nationwide spread of monthly rent contracts, monthly rent has surpassed jeonse (lump-sum deposit) contracts, accounting for more than half of new lease agreements for Seoul apartments, ...
Listings for Seoul apartments have topped 70,000, rising about 30% in a month. While more landlords are putting homes up for sale under government tax pressure, the jeonse and monthly rent supply ...
South Korea’s property market extended its rally to a 34th week as the pace of gains accelerated despite government steps meant to cool prices, complicating the central bank’s case to lower borrowing ...
The Chosun Ilbo on MSN
Seoul jeonse renewals surpass 50% as tenants hold out amid soaring prices
Last month, the proportion of "renewal contracts," which extend existing leases in Seoul’s apartment rental market, surpassed ...
On Jan. 1, the average monthly rent for apartments in Seoul surpassed 1.5 million won, setting a record high. Analysts said tighter policies on owners of multiple homes, stricter jeonse loan ...
President Lee Jae Myung said Tuesday the housing supply would be increased and home prices would be stabilized if owners of multiple homes sell registered rental houses in Seoul to avoid heavier tax ...
Apartment prices fell in three districts in southern Seoul — Gangnam, Seocho and Songpa — for the first time in two years, a shift in the capital’s most expensive neighborhoods that signals a broader ...
With Seoul APT values posting their biggest increase in 5 years, concerns are growing that a heavier property tax burden will spill into rental market ...
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