| 27.02.2009 - Korea: Land prices down 1st time in 10 years |
| From Koreatimes.co.kr: The government-evaluated prices of real estate nationwide, the basis by which property taxes are calculated, have dropped 1.42 percent this year from a year ago, the first fall since the peak of the currency crisis in 1999. But Incheon property prices gained 16.8 percent over the past year, meaning further reductions in tax burdens for property owners, who have already benefited from a series of softened tax rules.... Full Article: Source |