Falling apartment prices
Published: 16 Feb. 2023, 17:25
![A notice on indexes for apartment transactions in Seoul is put up at a real estate agent in Songpa District, southern Seoul, on Thursday. According to the Korea Real Estate Board on Thursday, the actual transaction prices of apartment units in Seoul logged a record fall of 22.09 percent in 2022, the biggest margin since the agency began compiling related data in 2006, largely due to rising interest rates. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2023/02/16/34f71f5e-1045-4ee9-9f9f-1359420e01c8.jpg)
A notice on indexes for apartment transactions in Seoul is put up at a real estate agent in Songpa District, southern Seoul, on Thursday. According to the Korea Real Estate Board on Thursday, the actual transaction prices of apartment units in Seoul logged a record fall of 22.09 percent in 2022, the biggest margin since the agency began compiling related data in 2006, largely due to rising interest rates. [YONHAP]
BY SEO JI-EUN [[email protected]]
with the Korea JoongAng Daily
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