SEOUL, May 15 (Reuters) - 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% in April from
the previous month, according to data from the Korea Real Estate
Board.
That compares with a 0.78% drop in March and marks the
fourth straight month that the pace of decline as slowed, a sign
that aggressive interest rate hikes and cooling economic growth
are having an impact.
The government has responded to weakness in the property
market by easing financial regulations for home buyers.
(Reporting by Choonsik Yoo; Editing by Edwina Gibbs)
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