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[Monitor] Lease prices for Seoul apartments soar
Rise in average jeonse price for apartments in Seoul
By Korea HeraldPublished : Dec. 4, 2020 - 11:00
Jeonse refers to South Korea‘s common lease system in which the downpayment is guaranteed for an average of two years.
The rise in average jeonse price broke the 500 million mark in August following the government’s reinforced regulations aimed to protect the leasers, as well as a drop in supplies put up for lease.
(khnews@heraldcorp.com)
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Articles by Korea Herald
