Seoul’s Home Prices Accelerate, Adding to Central Bank Worries
- Apartment prices in Korean capital rise fastest since 2018
- Rebound in household debt alarms central bank mulling rate cut
Apartment prices in the capital climbed 0.24% in the week ended July 8 from the previous seven-day period in the biggest rise since September 2018.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Seoul apartment prices notched their biggest weekly gain in almost six years, adding to evidence supporting the Bank of Korea’s caution over the timing of an interest-rate cut.
Apartment prices in the capital climbed 0.24% in the week ended July 8 from the previous seven-day period in the biggest rise since September 2018. They also extended gains to 16 consecutive weeks, according to data from the Korea Real Estate Board.