Arab Today, arab today lee calls for measures to curb expected rise in home rental prices
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Lee calls for measures to curb expected rise in home rental prices

Arab Today, arab today

Arab Today, arab today Lee calls for measures to curb expected rise in home rental prices

Seoul - Yonhap

President Lee Myung-bak expressed concern Tuesday that home rental prices are feared to spike in the fall again and instructed the Cabinet to study ways to curb them, his spokesman said. Earlier this year, home rental prices rose sharply, pulling up overall consumer prices. In April alone, rental prices jumped 12.5 percent from the same period last year, the sharpest increase in more than eight years. Experts have forecast a similar spike in the second half of the year.

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