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Population mobility at nine-year low in 2021 amid fewer housing transactions Updated: 2022-01-25 22:37:19 KST

The number of people in South Korea who moved houses last year declined by the most in nine years in part because of high property prices.
According to Statistics Korea, a total of 7.2 million people moved house which is an on-year decline of 6.7 and the sharpest drop since 2012.
With home prices soaring, the agency said there were fewer properties bought and sold.
Plus, there was a base effect because the number of people who moved in 2020 was relatively high.
The city of Seoul continued to see a net outflow of residents, with 106-thousand people moving out.
But to the greater capital region, which includes Incheon and Gyeonggi-do Province, there was a net inflow for a fifth consecutive year.
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