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South Korea May house prices rise at slowest pace in a year

Wednesday, June 1, 2016 - 07:47

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South Korea's house prices rose at their slowest pace in a year in May, data from the country's top mortgage lender showed on Wednesday.

[SEOUL] South Korea's house prices rose at their slowest pace in a year in May, data from the country's top mortgage lender showed on Wednesday.

Kookmin Bank data showed the house transactions price index rose 0.07 per cent in May from the previous month and 3.03 per cent from a year earlier. In annual terms, this was the slowest rise since May last year.

In April, housing prices rose 0.04 per cent in monthly terms and 3.34 per cent from a year earlier.

REUTERS

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