Skip to content

Korea’s Housing Market Falls Most Since Global Financial Crisis

Video player cover image
Housing’s Global Slump Is Deepening From Rate-Hike Pain

South Korea’s housing market recorded its biggest monthly drop since the global financial crisis as the central bank’s policy tightening cycle enters its second year.

The national price index fell 0.29% in August from a month earlier, marking the biggest decline since early 2009, data from the Korea Real Estate Board showed Thursday. While from a year earlier prices grew 2.6%, it was their ninth straight slowing.