Monday, April 4, 2011

44% of Korea’s tenants now rent




The price of house fee rose, which gives hard time for the people who need house desperately. The number of rent range have increased double, and the cause and the result is surging jeonse costs. Jeonse cost is known as lump-sum deposits. A growing number of homeowners are shifting by Korean way of leasing property based on jeonse. As the current economy of Korea is not good people are having hard time getting a house. I know some people near me who has to move once a year because of the rising price of house fee, so they are renting houses and moves around after their date have due. The citizens will not want to see the price keep rising and rising. The increase of house fees would make things ever more difficult for those with a low income to escape the pressure of rents.



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