South Korea to add 230,000 homes to support young buyers as prices rise for 13th straight month
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South Korea plans to add 230,000 homes to support young buyers amid rising housing prices, marking the 13th consecutive month of increases. The Financial Services Commission will nearly double state-backed financing for construction to 47.8 trillion won and ease mortgage rules to aid affordability.
South Korea will nearly double state-backed financing for housing construction to 47.8 trillion won (US$33.7 billion) and ease mortgage rules for young buyers, the Financial Services Commission said Aug. 13.
Politics Markets Real Estate housing South Korea state-backed financing mortgage rules young buyers real estate prices