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South Korea July house price growth slows to over 1-yr low: Kookmin Bank

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House prices in South Korea in July rose at their slowest annual pace in over a year, data from a top local mortgage lender showed on Monday.

[SEOUL] House prices in South Korea in July rose at their slowest annual pace in over a year, data from a top local mortgage lender showed on Monday.

Kookmin Bank's composite housing purchase price index rose 0.13 per cent in July over the previous month and by 2.35 per cent from a year earlier.

The annual rise was the slowest since a 2.32 per cent gain in March last year.

REUTERS

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