House prices in South Korea fell 1.98% in December from a month earlier, the fastest drop since data releases began in late 2003 and a seventh consecutive month of decline, data from the Korea Real Estate Board showed on Monday.

That follows a 1.37% loss in November and marked a 4.68% decline for the whole of 2022, turning around from a 9.93% gain in 2021, the board said in a statement. (Reporting by Choonsik Yoo; Editing by Kim Coghill)