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South Korea March house prices gain for 31st mth but at slower pace

Friday, April 1, 2016 - 07:25

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South Korea's house prices rose for the 31st straight month in March but the rate of growth slowed for a fourth consecutive month, data from the country's top mortgage lender showed on Friday.

[SEOUL] South Korea's house prices rose for the 31st straight month in March but the rate of growth slowed for a fourth consecutive month, data from the country's top mortgage lender showed on Friday.

Kookmin Bank data showed the house transactions price index edged up 0.03 per cent in March from the previous month and by 3.81 per cent from a year earlier. In February housing prices rose 0.07 per cent in monthly terms and 4.20 per cent from a year earlier.

In monthly terms, March's rise was the slowest since August 2013.

REUTERS

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