This paper studies the changes of real estate finance structure and the development of real estate markets in Korea. The recent changes in real estate policy and market trends are discussed. The expected changes and economic effects caused by the newl...
This paper studies the changes of real estate finance structure and the development of real estate markets in Korea. The recent changes in real estate policy and market trends are discussed. The expected changes and economic effects caused by the newly introduced financing systems, i.e., Korea Housing Finance Corporation and the indirect asset investment law. The Korean real estate market is expected to expand indirect investments and thereby emphasizes the specialties of the diversified participants in the market.