Korea Housing Price Outlook Hits 127 as Seoul-Gyeonggi Gains Lift 5-Year High
Updated
Updated · en.sedaily.com · Jul 28
Korea Housing Price Outlook Hits 127 as Seoul-Gyeonggi Gains Lift 5-Year High
3 articles · Updated · en.sedaily.com · Jul 28
Summary
127 — the Bank of Korea’s July housing price outlook CSI jumped 7 points from June, reaching its highest level in about five years ahead of next week’s property tax reform announcement.
Seoul and Gyeonggi apartment sale and jeonse prices drove the rise, the BOK said, extending a rebound that began in April after the index fell to 96 in March.
106.8 — the broader consumer sentiment index edged up 0.2 point for a third straight monthly gain, supported by strong semiconductor exports and expectations of wage increases despite inflation worries and weaker stocks.
2.7% — one-year inflation expectations fell 0.1 percentage point, while the future economic outlook index held at 92 as lower oil prices and a firmer won offset renewed Middle East tensions.