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South Korea's home transactions jumped 34.1 percent from a year earlier in January to the highest monthly figure since 2006, government data showed Wednesday.
The number of home transactions came to 79,320 last month, according to the Ministry of Land, Infrastructure and Transport.
Transactions in Seoul and the surrounding capital area spiked 32.5 percent on-year to 34,301. The number for rural areas also surged 35.3 percent to 45,019.
The rise follows a series of government measures aimed at revitalizing the property market.
In September, the government cut the minimum age of housing units eligible for reconstruction by 10 years, enabling the immediate reconstruction of hundreds of apartment buildings throughout the country.
By type, transactions of apartment units jumped 36.8 percent on-year with those of detached houses growing 25.1 percent. (Yonhap)
The number of home transactions came to 79,320 last month, according to the Ministry of Land, Infrastructure and Transport.
Transactions in Seoul and the surrounding capital area spiked 32.5 percent on-year to 34,301. The number for rural areas also surged 35.3 percent to 45,019.
The rise follows a series of government measures aimed at revitalizing the property market.
In September, the government cut the minimum age of housing units eligible for reconstruction by 10 years, enabling the immediate reconstruction of hundreds of apartment buildings throughout the country.
By type, transactions of apartment units jumped 36.8 percent on-year with those of detached houses growing 25.1 percent. (Yonhap)
