Apartment Prices Rise Sharpest in 4 Years

Apartment prices in the Seoul metropolitan area rose at the sharpest rate in four-and-a-half years last week.

According to consultancy Real Estate 114 on Sunday, apartment prices in Seoul rose 0.13 percent last week, the biggest increase since 0.14 percent in September 2009.

Industry watchers said apartment sales in Seoul began picking up recently. Some 6,892 apartments were sold in Seoul last month, the most since 2006. Prices of small apartments rose particularly in the districts of Dongjak, Geumcheon, Mapo, Nowon and Songpa.

englishnews@chosun.com / Mar. 03, 2014 11:29 KST