LTV 40% regulation applies to real estate dealers starting Monday
- 5 years ago
Starting today, a borrowing limit of 40 percent of a property's value... will apply not only to real estate rental businesses.... but to all property investors.
This includes mortgages in the 31 zones, such has Seoul, that the government sees as overheated and has designated as speculative.
The move is part of efforts to stablize Korea's housing prices.
This includes mortgages in the 31 zones, such has Seoul, that the government sees as overheated and has designated as speculative.
The move is part of efforts to stablize Korea's housing prices.