Real Estate Prices Soar Fastest in 7 Years
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Real estate prices across the country increased 4.63 percent on average this year, the steepest rise in seven years.
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The Ministry of Land, Infrastructure and Transport on Thursday said real estate prices grew more than W210 trillion to W4,275 trillion over the period (US$1=W1,106).
Cosmetics store Nature Republic in Myeong-dong, Seoul remains the nation's most expensive property for the 13th straight year. One square meter in the store is valued at W80.7 million.