As Seoul’s housing market shows signs of overheating, the government is renewing its fight against property speculation by increasing taxes and earmarking anti-speculation zones in South Korea’s capital.
Flat prices in South Korea’s capital have been showing signs of stabilising following the implementation of heavy capital gains taxes on owners of multiple homes starting in April as well as a property tax hike announced in July.
However, prices have been rising through the…
Source : South China Morning Post
Read more…Korean government steps in with tough regulations to curb Seoul’s overheating property prices
