Beyond the purchase price, buyers must account for significant capital requirements to secure a mortgage.
: In cities like Seoul, South Korea , the average sale price for a standard 3-bedroom home ranges from ₩800 million to ₩2.5 billion KRW ($600,000–$1.8M USD). Similarly, in the UK , mainstream house prices are forecasted to rise by nearly 25% over the next five years. price of buying a house
The total cost of buying a house includes several "transactional" fees that can add 2–5% to the final price. Beyond the purchase price, buyers must account for