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State appraisal of private home value jumps over 9 pct

General 15:50 January 24, 2019
State appraisal of private home value jumps over 9 pct
State appraisal of private home value jumps over 9 pct

This Jan. 24, 2019, photo shows Hannam-dong, a neighborhood of Seoul with a high concentration of expensive private homes. The government announced on the day that the state-appraised value of private homes this year jumped an average 9.13 percent from last year, the highest rise since 2005. The government is pursuing a more fair evaluation of luxury homes that so far have been priced well below market value. (Yonhap)
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General 15:50 January 24, 2019
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