SEOUL Feb 13 Home transactions in South Korea
surged in January both over a year earlier and over the
five-year average, the land ministry said on Thursday, adding
this underscored growing optimism for the property market.
The ministry reported 58,846 home transactions last month,
more than double the number of cases in the same month of 2013
and up 36.6 percent from an average of 43,085 cases for January
over the past five years.
Housing price data released last month by the country's top
retail bank, Kookmin Bank, also showed South Korea's property
market was seeing a steady recovery in line with the improving
South Korea's central bank keptits policy interest rate
unchanged at 2.50 percent in a unanimous vote on
Thursday, standing pat for a ninth consecutive month as Asia's
fourth-largest economy continues to recover while inflation
(Reporting by Choonsik Yoo; Editing by Kim Coghill)