SEOUL, March 15 (Reuters) - South Korea's home prices
fell for a ninth consecutive month in February but the pace of
declines slowed for a second month following a series of
government measures aimed at averting a hard landing, data
showed on Wednesday.
Housing prices across the country fell 1.15% in February,
following declines of 1.49% in January and 1.98% in December,
the Korea Real Estate Board data showed. The December rate was
the fastest drop since data releases began in late 2003.
Earlier this year, South Korea launched several policy
measures to support sharply falling property prices, including
easing of financial regulations on home buyers in most districts
of the capital Seoul.
(Reporting by Choonsik Yoo; Editing by Muralikumar
Anantharaman)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.