Real Estate Sentiment Drops to 15-Month Low

  • Arirang News

    August 30, 2017 10:34

    Business sentiment among Korean real estate firms is at its lowest point since May last year. The Bank of Korea said Tuesday that the business sentiment index in the real estate sector came to 74 in August, continuing its three-month downward streak.

    The fall came on the heels of the government's latest set of measures aimed at cooling Korea's property market. The index for the whole non-manufacturing sector, including the real-estate market, dropped to 75, down four points from the previous month.

    The figure for the manufacturing sector, meanwhile, remained at 78, maintaining the same level for the past three months. A reading below 100 means pessimists outnumber optimists.

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