| 23.10.2008 - Korea: Overseas property purchases fall 73% |
| From Koreatimes.co.kr: South Koreans' purchasing of overseas real estate fell by more than 70 percent last month from a year earlier as individuals and businesses here continued to remain reluctant to put money into foreign properties amid the deepening U.S. housing market slump and its ripple effects in China and other parts of the world. The falling won against the dollar and the aggravating global credit crunch also made property buying abroad more difficult..... Full Article: Source |