Decline in Apartment Purchases in Seoul Raises Odds of Bank of Korea Rate Cut

A recent report has revealed a significant decline in apartment purchases in Seoul, raising speculations about a potential interest rate cut by the Bank of Korea. In the past month, the volume of real estate transactions in the capital dropped by 16.9%, marking the sharpest decrease since the beginning of the current year. This drop comes amid ongoing rising housing prices, which had previously caused concern among authorities and analysts.

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