South Korea Luxury Homes and villas
South Korea Luxury Property Search
Thanks for the pop culture of songs and dramas and the Samsung smart phone, South Korea popularity and tourism steadily grows over these last years. South Korea locates in the southern part of Korea Peninsula, pointing North Korea on the top. Despite potential political frictions with North Korea the booming South Korean property market has expanded rapidly. Granted access to the local property is closed off to many foreigners. Rapid economic and technology development are pushing South Korea to the front of the world while their comprehensive environmental conservation allows you stepping close to the nature. Comprising with Chinese and western culture becomes the greatest attraction for commercial property investors or travelers to stay in South Korea.
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.