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Latest news

Seoul renters with no renewal right left: how much more next spring?

The renewal right can be used only once, so a tenant who has already used it must reset the deposit to market price at next spring's expiry, with...

From Nov. 13, How Much of Their Deposit Can Jeonse Fraud Victims Get Back?

From Nov. 13, jeonse fraud victims whose recovery after an auction or public sale falls below one third of their deposit get the shortfall from LH. It is not an extra third on top: it is a...

Nowon Apartment Rents Up 12.9% This Year: Why Are Outer Districts Rising Fastest?

From January to September, Seoul apartment rents rose most in cheaper outer districts such as Nowon (12.88%) and Seongbuk (11.82%), while Gangnam rose just 2.62%. Outer-district tenants who signed with low deposits during the 2022-23 jeonse price slump are now reaching...

Seoul villa lease deposits hit a record: when will building restart?

Seoul villa jeonse prices are at a record because, on top of demand that avoided apartment jeonse, non-apartment construction starts in Seoul fell from 26,915 units in 2021 to 4,597 in 2024...

Seoul Apartment Sales Halve in Three Months — So Why Aren't Prices Falling?

Seoul apartment sales fell 48.7%, from 8,946 in May to 4,589 in August, yet the median sale price in September was 13.4% above last December. Loan curbs make it harder for buyers to...

Mortgages worth about $124.6 billion get new interest rates by year-end. Fixed or variable?

About $124.6 billion in mortgages get new interest rates by year-end. A loan of about $151,000 at 3% could see its monthly payment rise from about $716 to as much as about $985. Yet...

Minors who bought homes paid over half with "their own money": where did it come from?

Minors aged 0 to 19 who bought homes by the end of August reported 56.7% of the KRW 23.1 billion (about $16.5 million) deal value as "own funds." But that box on the form is for money...

Songpa jeonse listings nearly halved. Why?

In the year after the Oct. 15 measures, Songpa apartment jeonse listings fell 47.0%, but that largely undoes a 90.3% surge in the less than four...

Monthly rent tops half of Seoul apartment lease deals for the first time. Where did 32,000 jeonse deals go?

In the first nine months of this year, monthly-rent deals on Seoul apartments fell 2.8% from a year earlier, yet the monthly-rent share rose from 43.7% to 51.0%. That is because jeonse deals fell 27.5%, or about 32,000...

Jeonse loans fell for over a year. Why do mortgages keep rising?

In September, bank mortgages grew KRW 2.9 trillion even after KRW 900 billion in jeonse loans dropped out, and KRW 1.6 trillion of that was individual mortgages taken out to buy...

Gangnam home prices fell 1% this year, so why did Jungnang and Gangbuk rise more than 10%?

Through the second week of October, Gangnam apartment prices fell 0.95%, while Jungnang rose 10.77% and Gangbuk 10.81%. Gangnam was held down by owners selling before taxes rise, while the outskirts were...

Korea plans to move people into 100,000 public homes near Seoul. How many are new?

The government says it is working to move people into about 100,000 public homes near Seoul by the end of next year. But only 17,000 (public sale and built-for-rent homes) can be...

Why once-shunned Seoul villas saw sales jump 19% in a year

In the year after Korea's Oct. 15 housing rules, Seoul villa sales reached 37,440, about 45% more than two years earlier, and villa prices rose 3.7 times as fast in...

Korean mortgages at 5% or more grew 14-fold in 8 months. When will your loan rate rise?

New mortgages from Korea's five biggest banks at rates of 5% or more grew from KRW 166.5 billion in December 2025 to KRW 2.3362 trillion in August 2026, a 14-fold jump, but that is...

Half of Seoul's jeonse leases are renewals. Why do tenants use their renewal right less?

Renewals made up 50.8% of Seoul apartment jeonse leases in January–August, yet the share of renewals using the legal renewal right fell from 56.7% last year to 53.3% this...

1 in 13 Seoul home sales canceled. Trust the highs?

Of 83,776 Seoul apartment sales reported last year, 6,419 (7.66%) were later canceled, more than double the 3.41% of 2021, and the rate was higher in popular districts such as Guro (10.33%) and Seongdong (10.32%). A record...

A year after loans were capped, why did Seongbuk home prices rise over 10 times as fast as Gangnam's?

In about a year after the Oct. 15, 2025, measures (Oct. 20, 2025, to Oct. 5, 2026), apartment prices rose 16.52% in Seongbuk and 1.40% in Gangnam, about 11.8 times as fast by rate of increase. Analysts say that...

Why Seoul's jeonse deposits rose faster than home prices

Seoul apartment jeonse deposits are up 8.35% this year, outpacing home prices (8.31%), which have risen for 87 straight weeks (as of Oct. 5). With citywide permit rules and smaller mortgage...

Why did Korea's fixed mortgage rates rise more than the Bank of Korea's hikes?

Korea's fixed mortgage rate rose 0.91 percentage points, from 3.97% last October to 4.88% this August, nearly twice the base-rate increase over the same period (0.50 points). Fixed rates track what...

179,000 Seoul homes to be rebuilt. Why are renters worried?

In 2028 alone, 45,256 households in Seoul's redevelopment zones will move out, while only 13,683 new apartments are expected to open that year. New homes appear only after...

Same Seoul home, capital gains tax from $180K to $702K: who will buy the Gangnam listings?

Under the government plan, the capital gains deduction for long-time one-home owners gets a 1-billion-won ($743,000) cap from 2029, and apartment listings in Seoul's three Gangnam districts have since risen 64.1% from the end of...

Seoul curbed home buying to cool prices. Why did lease prices jump 8%?

After Seoul was turned into a land-transaction permit zone that makes buyers live in a home for two years, Seoul apartment jeonse listings fell 15.7% from the day the measures were...

Mortgage rates rose four months straight. Why are Seoul homes under 600 million won selling more?

Korea's mortgage rates rose four months in a row, from 4.32% in May to 4.66% in August, yet homes at or under 600 million won (about $444,000) grew from 17.0% of Seoul apartment sales (December 2024-September 2025) to 25.1% (contracts since...

Nowon, Dobong and Gangbuk home buyers borrowed KRW 2.1 trillion. Why more than Gangnam's three districts?

From January to July 2026, home buyers in Seoul's Nowon, Dobong and Gangbuk districts listed a combined total of about KRW 2.133 trillion in loans from financial institutions on their funding-plan filings, more than the KRW 1.9059 trillion in Gangnam's three districts. Counted for the...