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  Apartment Prices Decline for 1st Time in 20 Months
  Writer : admin1     Date : 16-03-21 17:20     Hit : 583    

Skyrocketing apartment prices have slid for the first time in almost two years.
 
The median price for an apartment in February stood at US$241,600, down about $142 from the previous month, according to data from Kookmin Bank. Nationwide, apartment prices fell for the first time since May 2014.

The drop was most apparent for high-priced apartments. The decline is attributed to stricter guidelines for household lending imposed by the government as well as a recent oversupply.

Meanwhile, apartment prices in five major cities, including Busan and Daegu, have risen to about 70 percent of the average price of apartments in the capital area.

 

The source by the Chosun Ilbo