Home sales in South Korea plunged more than 28 percent in the first half of the year compared to a year earlier, data showed Thursday, amid tightened regulations intended to curb rising housing prices.
The number of housing transactions came to 314,108 in the first six months of the year, down 28.2 percent from a year earlier, according to the data compiled by the Ministry of Land, Infrastructure and Transport. The figure is 35.8 percent down on the five-year average of 489,373.
In June alone, the number of house sales fell 15.6 percent on-year to 54,893.
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(Yonhap) |
