Prices for apartments north of Han have witnessed a rise following the cooling effect of mortgage regulations
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If you're interested in the real estate market, you might find it noteworthy that the South Korean Ministry of Land, Infrastructure and Transport introduced mortgage restrictions in June. These restrictions aim to control household debt and cool the overheated real estate market. The new measures include tightening loan-to-value (LTV) and debt-to-income (DTI) limits for homebuyers.
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