The nation saw a sharp drop in home sales in November 2021 due to a hike in interest rates and loan regulations. 

The Ministry of Land, Infrastructure and Transport said on Tuesday that housing transactions came to around 67-thousand in November, down 42-point-five percent from a year earlier. 

From a month earlier, the figure slipped ten-point-eight percent. 

Home sales continuously decreased from 102-thousand in March last year to 82-thousand in September and 75-thousand in October. 

By region, Seoul and its surrounding areas witnessed an on-year drop of 35-point-nine percent during the cited period, while non-capital areas marked a decrease of 46-point-one percent.