Nominal growth of residential property prices in the local currency reached 1.25% in 2017 in South Korea, according to the National Statistical Office. This is 16.8% less than in the previous year.
Historically, nominal growth of residential property prices in the local currency in South Korea reached an all time high of 35.8% in 1979 and an all time low of -12.8% in 1998.
South Korea has been ranked 53rd within the group of 71 countries we follow in terms of nominal growth of residential property prices in the local currency.
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