The Real Reason for Seoul's Rising Prices: Asset Parking, Not Shortages
Seoul's housing market is showing no signs of slowing down, despite the government's stringent real estate measures, including the designation of land transaction permit zones and restrictions on speculative overheating zones. While transactions have slowed to a trickle, new record prices continue to be set. Many say it's simply a lack of supply, but behind the scenes, there's something much more complicated and massive at play. Today, we'll take a deep dive into the real reasons behind Seoul's rising prices and the gap-filling market ahead. 1. The pitfalls of the supply-demand theory and...