Home prices in Seoul and surrounding areas have stalled after a 66 percent climb in the decade to February 2008 raised household debt to record levels and triggered government measures to cool the market.
While that’s helped South Korea, Asia’s fourth-biggest economy, avoid the three-year surge in prices in places like Hong Kong and China that’s raised concerns that bubbles were forming, it’s also soured many Koreans on home buying………………………………………..Full Article: Source