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Rate hikes fail to cool Korea's housing demand

Original: Rate hikes fail to cool Korea's housing expectations, mortgage demand

South Korea's housing market is showing signs of resilience despite rising interest rates, as expectations of continued price growth keep mortgage demand elevated. Despite the Bank of Korea's rate hikes intended to cool the market, borrowers continue taking on loans, reflecting persistent belief that home prices will keep climbing in major urban areas.

Why now: Higher borrowing costs have not dampened expectations of rising home prices, drawing attention to the limits of monetary policy on the housing market

South KoreaBank of KoreaKorea Times

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• Rate hikes fail to cool Korea's housing expectations, mortgage demand · The Korea Times
• Rate hikes fail to cool Korea's housing expectations, mortgage demand · The Korea Times

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