South Korea Slashes LTV in Seoul to Cool Property Market
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South Korea has implemented tighter mortgage rules in affluent districts of Seoul, reducing the loan-to-value (LTV) ratio from 50% to 40% to address rising home prices and housing shortages. The government aims to control demand while stimulating supply by expanding development on state-owned land and simplifying apartment redevelopment regulations. This dual strategy seeks to mitigate speculative demand and enhance affordable housing availability.
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