South Korea’s house prices rising again
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After more than a year of falling house prices, South Korea’s housing market started to recover in the beginning of 2014, amidst robust economic growth.
During the year to end-April 2014, the housing purchase price index rose by 1.41%, its fifth consecutive month of annual house price rises, according to the Korean Statistical Information Service (KOSIS). However when adjusted for inflation, house prices were still down by 0.26% over the same period.
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