LH President: "Possibility of Sharp Housing Price drop... You Won't Lose Out Even if You Don't Buy a House Now"
4 Articles
4 Articles
LH President Lee Seong-hoon appeared at the National Assembly's parliamentary audit and raised the possibility of a future sharp drop in housing prices. This remark came during the process of clarifying comments regarding the tightening of loan regulations; he warned of the possibility of falling housing prices due to high interest rates, similar to the case in 2021, and emphasized his commitment to stabilizing the market through housing supply.
(Seoul/Sejong = Yonhap News) Reporters Lim Ki-chang, Oh Ye-jin, and Oh Jin-song = Lee Seong-hoon, President of the Korea Land and Housing Corporation (LH), [stated that] housing prices... due to the impact of future housing supply expansion and rising interest rates.
Lee Sung-hoon, president of Korea Land and Housing Corporation (LH), said on the 12th, “House prices are likely to plummet,” and “we won't lose money even if we don't buy a house right now.” President Lee gave a forecast that house prices are likely to plummet due to the expansion of housing supply and rising interest rates. President Lee responded when Kim Eun-hye Kookmin Power criticized the president's previous statement that loan regulations…
Lee Sung-hoon, President of the Korea Land and Housing Corporation (LH), who argued that mortgage limits should be further tightened, did not apologize despite facing reprimands from lawmakers of both the ruling and opposition parties during a parliamentary audit. Instead, he cited the possibility of a sharp drop in housing prices and explained that he took out a loan to buy his first home at a time when "the government was encouraging people to…
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