Living
Here’s Where Housing Prices Are Cooling the Most
South Korea saw the biggest declines in a new report from Knight Frank, followed by Hong Kong, Peru and China.
A "For Sale" sign outside a home in Vaughan, Canada.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Real estate prices around the world have cooled off as higher borrowing costs keep many buyers on the sidelines.
South Korea fared the worst, as the Bank of Korea raised interest rates to curb inflation. Average home prices there fell 7.5% in the third quarter compared to the prior year. Hong Kong, Peru, China and New Zealand also experienced declines.