Never-ending real estate speculation

Speculative real estate investments by public employees under the Moon Jae-in administration have stirred outrage among the public.While under the command of Byeon Chang-heum, the now land minister, employees of the Korea Land...

2021-03-04

[THINK ENGLISH] 젊은 층의 부동산 패닉 바잉… 포모가 한강 북쪽으로 번졌다

The fear-of-missing-out epidemic has crossed the Han River, as buyers in their 20s and 30s push up the price of properties north of the river. They are scraping together whatever money they can find and borrowing to the hilt, driven by anxiety...

2021-02-03

When a villa costs as much as a villa

A neighborhood filled with villas, or older buildings with fewer than five stories, in Seoul on Tuesday.

2021-02-02

NTS going back a decade to find gift tax scams

The National Tax Service on Tuesday announced that it has started auditing 1,822 people who they suspect dodged taxes related to real estate inheritance.

2021-02-02

Stop anti-market policies

A policy executed despite market warnings has dealt a devastating blow to the real estate market. The three laws designed to enhance housing rental rights for tenants have been in force for nearly half a year. Housing and rent...

2021-01-31

FOMO jumps the Han River as young buyers panic over property

The fear-of-missing-out epidemic has crossed the Han, as buyers in their 20s and 30s push up the price of properties north of the river.

2021-01-26

Pricey property

According to Zigbang, a real estate information app, the average selling price of apartments in Apgujeong-dong was about 3 billion won ($2.7 million) last year, the highest among all 3,535 neighborhoods in the country.

2021-01-18

June 1 property tax increases are happening as planned

Property taxes will increase in June as planned, the government confirmed, as the administration seeks to compel sales that it hopes will lead to an increase in supply and a stabilization in prices.

2021-01-18

It's a good time to give away residences

Some people who own multiple residence are giving them away to their family members rather than selling them and being hit with big tax bills by the Moon Jae-in administration.

2021-01-17

Property boom

The instability in Seoul’s real estate market has continued in the new year despite the government’s multiple regulations and announcements of expansion in supply

2021-01-13

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