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Home prices in provinces outside of Seoul area surging

Posted on 05 September 2011

Home prices are rising in large cities such as Busan, Gwangju, Daejeon, Daegu and Ulsan and those in provincial cities such as Jeonju, North Jeolla Province. Certain areas saw double-digit hikes in housing prices and transactions stopped in other areas due to rising sale prices stemming from the lack of houses put on the market.
Higher housing prices are blamed on the mismatch between supply and demand due to the suspension of new housing construction……………………………………….Full Article: Source


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