real estate Archives | Be Korea-savvy
Real Estate Auctions Reveal Growing Regional Divide in South Korean Housing Market

Real Estate Auctions Reveal Growing Regional Divide in South Korean Housing Market

SEOUL, Sept. 10 (Korea Bizwire) – The disparities in South Korea’s apartment market are becoming increasingly pronounced, with a widening gap between the capital region and other parts of the country, according to a recent report on real estate auctions.  Data released on September 9 by GG Auction, a specialist in foreclosure and public auction information, [...]

Gov’t Vows to Boost Housing Supply amid Real Estate Market Volatility

Gov’t Vows to Boost Housing Supply amid Real Estate Market Volatility

SEOUL, Jul. 10 (Korea Bizwire) — Finance Minister Choi Sang-mok said Wednesday that the government will devise measures to increase housing supply if needed, as South Korea has seen growing volatility in the real estate market. “Volatility has risen in the real estate market as housing prices have gone up in Seoul and some adjacent [...]

Soaring Home Prices Leave Seoul Apartments Out of Reach for Most Young Koreans

Soaring Home Prices Leave Seoul Apartments Out of Reach for Most Young Koreans

SEOUL, Jun. 4 (Korea Bizwire) – A household headed by someone in their 20s would need to save for 86.4 years to afford an apartment in Seoul through savings alone, according to a new analysis that highlights the daunting challenges facing the younger generation in the country’s real estate market.  The study, released on June 3 [...]

Education Environment Tops Homebuyers’ Priorities in South Korea, Survey Reveals

Education Environment Tops Homebuyers’ Priorities in South Korea, Survey Reveals

SEOUL, Apr. 9 (Korea Bizwire) – A recent survey conducted by real estate consulting firm Budongsan R114 has shed light on the priorities of South Korean homebuyers, revealing that nearly one-third of adults consider the ‘education environment’ to be the most crucial factor when purchasing a home. The survey, which polled 5,046 adults nationwide from March [...]

Finance, Health Care and Real Estate Lead Decade of Service Industry Growth in South Korea

Finance, Health Care and Real Estate Lead Decade of Service Industry Growth in South Korea

SEOUL, Apr. 8 (Korea Bizwire) – As South Korea’s economy continues its transition toward a service-based model, a handful of industries like finance, health care and real estate have emerged as consistent drivers of expansion over the past decade, government data has revealed. Statistics Korea reported on April 5 that the nation’s service sector output increased [...]

Investment Funds Delay Exits in Shaky Real Estate Market, Betting on Future Rebound

Investment Funds Delay Exits in Shaky Real Estate Market, Betting on Future Rebound

SEOUL, Mar. 11 (Korea Bizwire) – In a strategic shift reflecting broader market uncertainties, several investment funds that previously sought opportunities in flourishing real estate markets in the United States and Europe are now extending their maturity periods, hoping for a rebound. This move comes as fund managers grapple with the challenges of liquidating assets in [...]

Gov’t Vows Enhanced Monitoring of Real Estate PF Market

Gov’t Vows Enhanced Monitoring of Real Estate PF Market

SEOUL, Jan. 12 (Korea Bizwire) — The government vowed Friday to step up the monitoring of the real estate project financing (PF) market amid potential insolvency risks and concerns as Taeyoung Engineering & Construction Co. won support from creditors to start a debt restructuring program. The midsized builder has received 96.1 percent of support from [...]

HqO Further Propels Global Commercial Real Estate Transformation with Launch of ‘Best Spaces to Work in London’

HqO Further Propels Global Commercial Real Estate Transformation with Launch of ‘Best Spaces to Work in London’

World’s First Certification Programme for Unparalleled Workplace Experiences LONDON, Jan. 03, 2024 (Korea Bizwire) – HqO, the world’s leading real estate experience platform, today announced the launch of ‘2024 Best Spaces to Work in London’, the only recognition and certification programme dedicated to scoring and validating end-user real estate experiences in spaces across the city. [...]

The Journey So Far Suggests Global Real Estate Market Stabilization to Take Hold Mid-2023

The Journey So Far Suggests Global Real Estate Market Stabilization to Take Hold Mid-2023

LONDON and TORONTO, Dec. 7 (Korea Bizwire) — After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, Colliers (NASDAQ and TSX: CIGI) anticipates the process of stabilization of the global real estate market to take hold by mid-2023 in its latest Global Investor Outlook. While some countries such as the UK and [...]

Real Estate Ownership Change from Forced Auctions Doubles in Seoul

Real Estate Ownership Change from Forced Auctions Doubles in Seoul

SEOUL, Nov. 28 (Korea Bizwire) — The number of residential properties whose ownership changed due to forced sale by auction marked a sharp increase this year compared to a year ago. According to the Supreme Court, the number of apartments, villas and residential officetels whose ownership shifted due to forced sale by auction stood at [...]