South Korea's housing market strengthens
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The South Korean national housing purchase price index rose by 3.47% (2.44% inflation-adjusted) during the year to end-November 2015. Seoul's house price index rose more, with 4.29% y-o-y growth. When adjusted for inflation, house prices in Seoul rose by 3.26% y-o-y to November 2015.
Among South Korea’s bigger cities, Daegu, the fourth biggest city, had the highest price increase of 8.69% during the year to November 2015. It was followed by Gwangju (5.92%), Incheon (3.37%), Busan (3.36%), and Ulsan (3.26%). Daejeon had the weakest y-o-y growth of 0.4% during the same period.
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