Apartment prices in Seoul have recently dropped by 0.01% in September compared to August, marking the first decline in nine months.
The decrease in housing prices coincides with the Bank of Korea's recent policy adjustment, which involved a quarter-point reduction in its benchmark interest rate in October. The decrease in apartment prices reflects a notable slowdown in the real estate market, creating favorable conditions for the central bank to implement its monetary easing strategy.
Analysts speculate that this trend may indicate further easing measures in the coming year as the economic situation continues to evolve.