Rising rents
![A phalanx of buildings in Yeouido, western Seoul, on Wednesday. Of the 19,169 studio apartment transactions in the first six months this year, 10.6 percent, or 2,032 cases, were those that charged tenants more than 1 million won ($775) per month, according to Ministry of Land, Infrastructure and Transport data. The tally was the highest first-half figure since the ministry began compiling data in 2011 as the demand for monthly rent with small deposits rose amid high interest rates and real estate scams. [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2023/07/12/06f6879d-15b9-40e7-a673-7a8905616fe2.jpg)
A phalanx of buildings in Yeouido, western Seoul, on Wednesday. Of the 19,169 studio apartment transactions in the first six months this year, 10.6 percent, or 2,032 cases, were those that charged tenants more than 1 million won ($775) per month, according to Ministry of Land, Infrastructure and Transport data. The tally was the highest first-half figure since the ministry began compiling data in 2011 as the demand for monthly rent with small deposits rose amid high interest rates and real estate scams. [NEWS1]
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)