Korea’s Housing Market Continues to Suffer Stagnation
posted by caitlinpaige 49 days ago under springhill group news headlines articles, seoul korea group home loans, springhill newscenter group, home loans, rural housing finance
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. » Korea’s Housing Market Continues to Suffer Stagnation
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