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S. Korea home prices rose 6.8% y/y in Q2, ranking 31st among 55 countries Updated: 2021-09-19 12:11:11 KST

Around the world, home prices have been rising at a record clip since the start of the pandemic.
A survey of 55 countries shows the increase in South Korea in the second quarter ranked 31st in the world.
According to the Global House Price Index, home prices in Korea went up six.eight percent compared to the same period a year earlier.
Rising home prices around the world have been driven by huge amounts of liquidity in the market, low interest rates and low inventories.
The average increase, globally, was nine.two percent.
And the country with the biggest increase was Turkey, at more than 29 percent, due in large part to its unstable currency.
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