Seoul Apartment Price Growth Slows in Early Sign of Property Cooling as BOK Mulls Rate
- Bank of Korea monitoring home-price data ahead of decision
- Seoul apartments represent major driver of household debt
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Price growth for apartments in Seoul slowed for a second week, supporting the case for the central bank to consider a policy pivot as early as next month.
Apartment prices in the capital increased 0.12% from a week earlier, marking the slowest pace of growth since early June, according to data released Thursday by the Korea Real Estate Board. The latest result compared with a 0.16% clip recorded last week. For the entire nation, price growth slowed to 0.04% from 0.05%.