(Bloomberg) — A housing rally in South Korea’s capital gained momentum, reinforcing the case for the nation’s central bank to shift to a hawkish tilt later this month as it grapples with mounting inflationary pressures from the Iran conflict.
Seoul Apartment Prices Rise to Highest Level in 15 Weeks; Jeonse Prices Also Hit Highest Mark in Over a Decade. While the growth rate of Seoul apartment sales prices hit its highest point in 15 weeks, the margin of increase in Jeonse prices also expanded to its largest level in 10 years and 6 months. According to the Korea Real Estate Institute on the 14th, Seoul apartment sales prices in the second week of May...