Seoul Home Price Growth Slows Again, Paving Way for BOK Rate Cut

South Korea’s property market cooled as government measures to rein in runaway prices curbed demand, bolstering the case for the Bank of Korea to consider resuming its rate-cut cycle later this month.

Growth in Seoul apartment prices slowed to 0.1% in the second week of August, reversing course after nudging higher in the previous week, according to data from the Korea Real Estate Board released Thursday. Still, prices extended their streak of positive weekly gains to 28 weeks, despite occasional slowdowns.