In recent years, foreigners invest in properties even though many people find the country challenging to navigate.
Also, the Financial Services Commission or FSC released a comprehensive set of mortgage regulations that applied to new mortgages loan applications from September 14, 2018.
Korea relies on the Chonsei system or key money deposits, along with government intervention, making a unique housing market.
The curb housing prices have anti-speculative measures or overheated speculative zones, which include Gwacheon, Sejong City, and Seoul.
The results have been positive with unsold houses that have gone from 123,297 units in 2009 down to 57,330 housing units in 2017.
Based on the statistical report of the Korean Statistical Information Service or KOSIS, the national housing purchase price index increased by 1.1%.