Home Market Rout in S. Korea Deepens amid Higher Rates, Economic Slowdown
SEOUL, Jan. 4 (Korea Bizwire) — Home prices in South Korea are cooling at a jaw-dropping clip amid soaring borrowing costs and an economic slowdown, portending that indebted home owners may face the toughest-ever challenge this year and Asia’s fourth-largest economy may suffer a decline in private spending. The country’s apartment prices nationwide fell 0.76 [...]