Yonhap Infomax NewsSouth Korea’s new mortgage rules will cut loan limits for borrowers with annual incomes of 100 million won by up to 14.7%, making Seoul apartments largely inaccessible to the middle class without significant cash reserves.
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[10·15 Measures] Loan Limits for Borrowers with Annual Income of 100 Million Won to Be Cut by Up to 14.7% (Comprehensive)
South Korea’s new mortgage rules will cut loan limits for borrowers with annual incomes of 100 million won by up to 14.7%, making Seoul apartments largely inaccessible to the middle class without significant cash reserves.