SEOUL : South Korean house prices weakened for an 11th consecutive month in April – its longest streak of declines in 11 years – but the pace of falls continued to slow, data showed on Monday.
The nationwide house price index fell 0.47 per cent in April from the previous month, according to data from the Korea Real Estate Board.
That compares with a 0.78 per cent drop in March and marks the fourth straight month that the pace of decline has slowed, a sign that aggressive interest rate hikes and cooling economic growth are having
an impact.
