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Increasing Number of Homeowners Put Residences Up for Auction

Increasing Number of Homeowners Put Residences Up for Auction

SEOUL, Jun. 11 (Korea Bizwire) — The average number of home auctions throughout South Korea has surpassed 5,000 cases over the last two months. According to GG Auction, a South Korean court auction firm, the number of auctions of residences throughout the entire country reached 5,261 cases last month, surpassing 5,000 for the second month [...]

44 pct of Unmarried Men and Women Say They Need Their Own House, But Reality Seems Otherwise

44 pct of Unmarried Men and Women Say They Need Their Own House, But Reality Seems Otherwise

SEOUL, May 8 (Korea Bizwire) — More than four out of ten unmarried men and women think they need to own their own house, but they see it as impossible in reality. Such results were published in a report titled “A Study on the Relationship Between the Living Characteristics of Young Adults and Marriage” by [...]

Big Data Shows Growing Interest in DIY House Interior Design

Big Data Shows Growing Interest in DIY House Interior Design

SEOUL, March 16 (Korea Bizwire) – DIY interior design, or self-interior design, is trending among South Koreans. According to market research firm Nielsen Korea, the number of online mentions of “self-interior” related to “moving” on online communities and SNS platforms doubled from a monthly average of 5,256 in 2015 to 10,460 in 2016.  Although “to [...]

More People Prefer Small Apartments in Seoul: Data

More People Prefer Small Apartments in Seoul: Data

SEOUL, Aug. 8 (Korea Bizwire) – Nearly half of new apartment units in Seoul are smaller than 60 square meters, industry data showed Monday, reflecting the trend that more people prefer smaller housing.  Of 15,980 apartment complexes built between January and August of this year, 45.1 percent, or 7,205 units, have a total floor area [...]