17.10.2008 - Seoul apartment prices drop largest in 5 years
From Kbs.co.kr: Apartment prices in Seoul dropped by zero-point-two percent this week, seeing the largest weekly decline in five years. While an increased number of owners have put out their property for urgent sale due to the recent market instabilities, fixers continue to observe, leading to a slowdown in transaction. Real Estate 114, a property information agency, said on Friday that apartment prices fell throughout all of Seoul, with prices in the so-called "bubble seven" areas dropping up to around four percent compared to a week ago, especially in the Gangnam area and neighboring Seocho district. ..... Full Article: Source
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