South Korea is implementing strict measures to cool down the overheated real estate market in the Seoul metropolitan area. The Financial Services Commission of South Korea is considering ending the extension of loans for individuals who own two or more properties.
This move comes with the expiration of the tax exemption on large-scale real estate transfer income in May 2026. In principle, major banks will refuse to extend loan terms for multiple property owners, except in special cases to protect tenants.
This change aims to close loopholes in the refinancing system, ensure fairness, and control the flow of capital into the housing market. The number of transactions by foreigners has also sharply declined after new regulations were implemented in the capital region.
#HanQuoc #BatDongSan #KinhTe #TaiChinh #TinTuc #Seoul #DauTu #KoreaRealEstate
This move comes with the expiration of the tax exemption on large-scale real estate transfer income in May 2026. In principle, major banks will refuse to extend loan terms for multiple property owners, except in special cases to protect tenants.
This change aims to close loopholes in the refinancing system, ensure fairness, and control the flow of capital into the housing market. The number of transactions by foreigners has also sharply declined after new regulations were implemented in the capital region.
#HanQuoc #BatDongSan #KinhTe #TaiChinh #TinTuc #Seoul #DauTu #KoreaRealEstate