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South Korean real estate market
Trends
- 1Public study links rate hikes to housing market impact●A study by public institutions shows that for every 0.25% point increase in the benchmark interest r..
A study by South Korean public institutions finds that every 0.25 percentage point rise in the benchmark interest rate carries measurable consequences for the housing market. The research, reported by business media, comes amid ongoing debate over how further rate increases would affect mortgage costs, household finances and already weakened real estate demand.
- 2Lee Jae-myung's declining approval tests his real estate market crackdown▼Lee’s falling approval tests his fight against the market
South Korean President Lee Jae-myung is facing slipping approval ratings as his administration pushes measures to cool the property market. Observers say the political cost of his market-curbing policies is mounting, raising questions about how long he can sustain the fight against housing price pressures while public support erodes.