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Korea: Housing growth outpaces population rise

Posted on 12 October 2011

Despite growing alarm over the health of the housing market, policymakers continue to dismiss talks of a bursting bubble and insist prices will rebound soon. But the simple laws of supply and demand suggest that prices will continue to fall.
According to data from Statistics Korea, the number of Korean houses increased 13.12 percent between 2005 and 2010, compared to 2.75 percent growth in the country’s population during the period……………………………………….Full Article: Source


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