Korea

arc4 Director interviewed on Korean Housing Market outlook

With Korea firmly on the world stage again, Derek Long was interviewed by Asian Property News for his insight into its unique property market.

- After a major dip in the housing market in 2013, have things begun to improve, or have recent problems - presidential corruption, threats from DPRK, a shift in US policy away from Asia - exacerbated the problem?

Arc4’s Derek Long on the Korean Housing Market

The South Korean housing market is currently under immense pressure. Jeonse, its unique tenure form where tenants pay upwards of 60% of the entire value of the house, has become almost unaffordable in the first half of 2015.

Arc4 director Derek Long, a keynote speaker to the government’s First International Housing Finance Forum in Seoul in 2013, was recently asked by Seoul’s equivalent to Radio 4's PM programme to bring a British perspective on what reforms could rebalance the Korean housing market as part of a discussion with local professors. Click the play button below to listen to the programme, which was broadcast at the end of July.