Real Estate

Cars

Yoon: Real estate overheating again

Moon Gwang-lip JoongAngDaily

Yoon: Real estate overheating again - South Korea - Housing

Finance Minister Yoon Jeung-hyun yesterday warned against real estate speculation, in a serious tone not heard since he took office in February

Yoon said there was still a bubble in the local real estate industry that could threaten the recovery of the local economy if it bursts.

In an interview with Yonhap News Agency, Yoon said, ¡°The biggest Achilles¡¯ heel to our economy is the real estate issue. Under no circumstances is the recurrence of speculation acceptable.¡±

Experts agree the real estate market is quickly becoming overheated again.

The average price of housing across Korea rose 0.1 percent last month from March, reversing a seven-month downward trend that started in October.

The prices of renovated apartments in Gangnam, Seocho and Songpa districts, Seoul¡¯s three most expensive areas, are up 13.4 percent on average this year alone.

Add your comment Send Print Report

South Korea Housing

Home Page | South Korea | Industry News

Latest Articles

Bangkok property - top tips Buying property in Bangkok Buying condos in Bangkok - Condo buyers guide Buying houses in Bangkok - house buyers' guide 42% of Caspian’s units snapped up Is it time for a Correction in the Phuket Property Market?Phuket’s Taj Exotica makes genuine start Kanda plans two residential projects Developers add community flavour Chone Sophonpanich enters realty

More From South Korea

BLand to start first project in South Korea South Korea cutting property taxes to prop up market Has property market hit rock bottom?Drop in land prices and transactions in South Korea South Korea acts to bolster property market Can households juice the property market?South Korea set to announce property stimulus plans Best Western Allamanda Laguna Phuket Opens S. Korea to spend US$1.5 bil on Marinas Bluffs and confrontations over Korea’s exit strategy Taking aim at housing loans 'Korea needs transparent property market''Bubble Seven' Prime Properties Rising Back Kumho to Buy AIG Building in NY Real estate firm ‘believes’ in Korea Local land sold overseas Gov’t to Supply 44,000 `Sweet Homes` in Sept.Developing capital region may cause further inequality in the nation S.Korea Woori Bank eyes $500 mln MBS in mid-2009

Latest Articles

Bangkok property - top tips Buying property in Bangkok Buying condos in Bangkok - Condo buyers guide Buying houses in Bangkok - house buyers' guide 42% of Caspian’s units snapped up Is it time for a Correction in the Phuket Property Market?Phuket’s Taj Exotica makes genuine start Kanda plans two residential projects Developers add community flavour Chone Sophonpanich enters realty

Embed in your website

Comments

License is the main thing that should be checked before hiring them Apply for one of these 1 Euro houses www.PropertyMarket.eu World Capital Markets

Newsletter

Get each new article from

Estates Report

Your email:

Online Magazines

Commercial Investment Real Estate

Real Estate Thailand

Realtor Magazine

Realty Blogs

Rain City Guide

Real Estate Tomato

Realty Blogging

Online TVs

Real Estate Channel

Latin America Real Estate TV

Up-to-Minute News

This RSS feed URL is deprecated Columbia Property Is Said to Hire Adviser After Approaches - National Real Estate Investor Real estate experts talk impact of new temple on Pocatello housing - LocalNews8.com Political resistance isnt stopping Chinese investors from snapping up property around the world - CNBC Partners Real Estate Investment Trust Provides Update On Western Property Transactions And Announces September ... - GlobeNewswire (press release) This week in Boston real estate: Opinions on multifamily housing, what $1 buys and more - Boston Agent Magazine Pensioners in Great Britain See Consistent Growth in Real Estate Wealth - Mansion Global True North Commercial Real Estate Investment Trust Completes Acquisition of a Class A Office Property in GTA - Markets Insider East Bay real estate agent sentenced to 6 years for multimillion-dollar property scheme - The Mercury News Property owners line up for Garment District tax break - The Real Deal Short-Term Interest And Mortgage Rates Rising In Sync: What This Means For Real Estate Investors - Forbes

_________________________________________________________________________

Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.