South Korea Sees Sharpest Drop in Mortgage Loans Per Borrower
South Korea experienced the sharpest drop in new mortgage loans per borrower during the second quarter of the year. This decline indicates a significant shift in the country's housing finance market.
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New mortgage loans per borrower drop at sharpest clip in Q2
New mortgage loans per borrower dropped at the sharpest pace in the second quarter amid the government's regulations to cool the overheated housing market, central bank data said Tuesday. Fresh mortgage lending per borrower averaged 208.29 million won ($159,900) during the April-June period, down 21.1 million won from an all-time high of 229.39 million won set three months earlier, according to the data by the Bank of Korea (BOK). It marked the sharpest on-quarter decline since the BOK started c
By The Korea Herald
Read full article →New mortgage loans per borrower drop at sharpest clip in Q2
SEOUL, Aug. 25 (Yonhap) -- New mortgage loans per borrower dropped at the sharpe...
By Kim Boram
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