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Korea’s Housing Market Continues to Suffer Stagnation

South Korea’s housing market is continuing to stagnate, with industry sources saying sales volume dropping by 20-50 per cent every month compared to the same period last year. Following the sluggish demand, house prices are falling in the metropolitan area. Prices for apartments in Gangnam, where prices peaked in 2007, have been decreasing steadily since 2010. The 149.79-square-metre apartments at Daechi I’Park, which were priced at 2.65 billion won in 2007, for example, dropped to 2.02 billion this month, according to Budongsan 114, a property market research firm. The same-sized Jugong apartments in Gaepo-dong also fell from 1.66 billion in 2007 to 1.14 billion this month.

Newscenter: Springhill Group Home Loans

Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households. Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services. Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property

SpringHill Group Home Loans: About Us

Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households. Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services. Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property advisory services

Springhill group news - Korea’s Housing Market Continues to Suffer Stagnation

South Korea’s housing market is continuing to stagnate, with industry sources saying sales volume dropping by 20-50 per cent every month compared to the same period last year.

Following the sluggish demand, house prices are falling in the metropolitan area. Prices for apartments in Gangnam, where prices peaked in 2007, have been decreasing steadily since 2010.

Springhill group news: South Korean economy shows weaker growth momentum

The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday.
"The domestic economy showed weaker growth momentum due to sluggishness both in domestic demand and exports caused by growing external uncertainties," the Bank of Korea (BOK) said in a statement after the August monetary policy meeting.
The BOK noted that major economic indicators related to consumption and investment worsened in June, saying exports dropped 8.8 percent in July from a year earlier.

Korea’s Housing Market Continues to Suffer Stagnation

South Korea’s housing market is continuing to stagnate, with industry sources saying sales volume dropping by 20-50 per cent every month compared to the same period last year.

Following the sluggish demand, house prices are falling in the metropolitan area. Prices for apartments in Gangnam, where prices peaked in 2007, have been decreasing steadily since 2010.

South Korean economy shows weaker growth momentum

The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday.
"The domestic economy showed weaker growth momentum due to sluggishness both in domestic demand and exports caused by growing external uncertainties," the Bank of Korea (BOK) said in a statement after the August monetary policy meeting.
The BOK noted that major economic indicators related to consumption and investment worsened in June, saying exports dropped 8.8 percent in July from a year earlier. The bank warned of downside risks to the economy due to the prolonged fiscal crisis in the euro zone and slowdown in emerging economies, reported Xinhua.