S. Korea ranks 37th among 45 countries that saw annual increase in housing prices: IMF
Arirang News
2020-08-12
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IMF “한국, 전 세계 집값 상승률 63개국 중 37위
Despite the raging controversy at home, the annual increase in housing prices in South Korea is actually in the lower ranks compared to other countries.
In its quarterly report on housing prices in 63 countries, the IMF says 45 saw an increase, including South Korea, but South Korea was only the 37th highest.
The Philippines saw the biggest jump, followed by Portugal, Latvia, and Hungary.
Countries that saw the biggest decrease in housing prices were Ukraine, Serbia, and Turkey.
However, the index for South Korea does not fully reflect skyrocketing apartment prices in Seoul as it covers the entire country.
Despite the raging controversy at home, the annual increase in housing prices in South Korea is actually in the lower ranks compared to other countries.
In its quarterly report on housing prices in 63 countries, the IMF says 45 saw an increase, including South Korea, but South Korea was only the 37th highest.
The Philippines saw the biggest jump, followed by Portugal, Latvia, and Hungary.
Countries that saw the biggest decrease in housing prices were Ukraine, Serbia, and Turkey.
However, the index for South Korea does not fully reflect skyrocketing apartment prices in Seoul as it covers the entire country.
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