Seoul Luxury Homes and villas
Seoul Luxury Property Search
Apartment prices in Seoul rose to an all-time peak in the first six months of 2018, indicating a market headed for consolidation, reported The Korea Herald.
Despite a series of anti-speculation measures, the Korean government seems to have failed to curb apartment prices in key areas of Seoul.
The ruling South Korean government is moving forward in its plans to raise property taxes, a campaign promise of President Moon Jae-in.
Knight Frank’s report noted that Gangnam, known as the “Beverly Hills” of Seoul, is “still seeing strong speculative activity,” helping boost luxury-home prices in the city overall.
Apartment sales in Seoul in the first quarter this year were mostly in expensive properties, real estate data showed Monday, a result of the increase in housing prices.
Two political parties in South Korea’s National Assembly recently approved three real estate bills to aide the sluggish domestic property sector.