August 04, 2020 11:16
Apartment prices in Seoul in July increased at the fastest rate so far this year despite increasingly frantic government attempts to rein them in.
According to the Korea Appraisal Board on Monday, apartment prices in the capital jumped 1.12 percent in July from the previous month, the biggest increase since December (1.24 percent).
Due to soaring apartment prices in Seoul and Sejong City, which has been subject to renewed attempts to move the entire government there, nationwide apartment prices rose 0.89 percent last month, the fastest growth since April 2011.
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