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Housing market hit hard by rising interest rates

Housing prices in Korea dipped to their lowest level in more than 10 years, data showed Friday, over a steep hike in the benchmark interest rate, which is detracting would-be home owners from borrowing money from banks. Real estate experts forecast that housing prices have not bottomed out yet and will continue to fall through the end of 2023.
Soult Ukpyolsi South Korea Kyongsang Namdo Kwon Dae Jung Myongji University Korea Real Estate Board

Euro hits 20-year low against dollar | Borneo Bulletin Online

PARIS (AFP) – The euro sunk below USD0.99 yesterday, a 20-year-low, following the announcement last week that Russia would cut off gas deliveries to Germany via the Nord Stream pipeline. The euro fell 0.70 per cent to USD0.9884 yesterday at 0535 GMT, its lowest since December 2002. The European currency has continued to weaken against […]
France General Sankt Peterburg Baltic Sea Nord Stream Saint Petersburg 211

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