Will the Government’s Supply Measures Curb Seoul’s Surging Housing Prices?
Seoul's apartment prices surge As Seoul's apartment prices surge, 'Youngkul' (maximal mortgage loans) and 'Gap Investment' (buying with a tenant) are reemerging in the market. The government plans to announce additional supply measures in August to stabilize the market, but the effectiveness of these measures is uncertain. This article explores the current situation of speculative investments and the government's response. Seoul's apartment market is heating up again, with 'Youngkul' and 'Gap Investment' becoming increasingly active. Some apartment prices in Seoul have surpassed previous highs, leading investors to leverage maximum loans to purchase properties. Investment from local regions into Seoul is rising, and within Seoul, there is a trend of moving to higher-grade areas. According to the Seoul Real Estate Information Plaza, apartment transactions in Seoul exceeded 7,000 units last month, reaching a 43-month high. In particular, S...