South Korea’s overheated property market is a result of cheap credit in the past few years. Photo: Bloomberg

South Korea’s overheated property market to hurt economic growth in 2018 and 2019, warns ADB

The bank has revised growth projections down to 2.9pc and 2.8pc for 2018 and 2019 respectively, against the previous 3pc and 2.9pc

Topic |   International Property

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South Korea’s overheated property market is a result of cheap credit in the past few years. Photo: Bloomberg
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