Despite the Moon Jae-in government’s eighth and latest set of measures to curb real estate prices in the fall, prices of houses and those for lease have shot up, according to data by the Korea Appraisal Board.
The house price index and lease price index for last month surged to the highest level in 14 months since the Sept. 13 measures, which aims to block home-based loans in most popular housing areas and hinder those with at least two homes from buying more. The house price index refers to price changes in percentage from a specific start date that has the index set at 100.
During November, the house price index in Seoul jumped by 0.50 percent. (firstname.lastname@example.org)