(SEOUL) Apartment prices across South Korea rose for the 17th straight week, the longest gaining streak since July 2008, data from the country's top lender showed yesterday.
Apartment prices rose by 0.1 per cent last week from the previous week, extending a rising trend that started in early June, according to data from Kookmin Bank. The data came amid growing expectations for a rate increase this year after the central bank warned several times that it would lift interest rates to calm the property market.
The Bank of Korea is scheduled to review rates on Friday. -- Reuters
Source: Business Times, 6 Oct 2009
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