Seoul's Housing Prices Surge, South Korea Implements Strictest Loan Limits! Maximum Loan of 600 Million Won, Zero Loans for Third Home Purchases
With housing prices in Seoul soaring, the South Korean government has announced new loan restrictions aimed at cooling the market. According to the latest policy, the limit for the first mortgage has been set at 600 million won, while zero loan measures will be applied for purchasers of a third property. This series of measures is designed to stabilize the overheated real estate market and protect the housing rights of the younger generation.
