Tag - Jeonse prices likely to go higher this year

Jeonse prices likely to go higher this year

More Koreans are expected to struggle to pay higher jeonse prices this year with many tenants postponing plans to buy homes in fears of slowing growth in property value as well as of a potential increase in interest rates. According to market analysts and reports, the greater demand for jeonse ― a scheme popular in Korea where tenants give a large deposit to the landlord upfront in lieu of paying monthly rent ― could push deposit levels to record highs [...]

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