Seoul's house transactions plunge 13.7% in May
Seoul's house transactions plunge 13.7% in May
Seoul - Yonhap
Sales of South Korean homes dwindled significantly from a year earlier in May, the government said Sunday, apparently reflecting worsened consumer sentiment due to a government plan to tax income from real estate rental.
The overall number of home transactions plunged 13.7 percent on-year to 77,754 last month, marking a sharp decline from a 16.6 percent on-year surge in the previous month.
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