[2017.01.13] Housing Prices

Talk about housing prices in Korea.

Many Korean people dream of being a home-owner. Buying one's own house is a lifetime goal for tenants who pay rent Housing prices in the major cities of Korea are on the high side. Prices for apartments in Seoul and the capital area can be beyond belief. Most people who buy a home need to get a bank loan. Buying real estate can be a good investment. However, speculative buyers drive up prices even more. These days, prices for lump sum deposit leases are also expensive. Sometimes it makes more sense to buy a house, rather than lease it. Overall, it is a hard time for people who are looking for a place to live in.