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S. Korea’s housing market suffers 8th decline

Posted on 05 March 2013

Residential real estate prices across South Korea declined in February. This marks the eighth straight month to report their worst annual decline in about three and a half years, according to data from the country’s top lender disclosed.
The data from Kookmin Bank showed that home prices last month dropped 0.1 percent as compared to January and fell 0.5 percent from a year ago, highlighting a continued weakness in the local property market weighed down by doubtful economic expansion outlook. The annual pace of fall scored the sharpest since September 2009, the data showed………………………………………..Full Article: Source


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