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Korean real estate news-Exchange Rate Surge: How It Affects Korea’s Real Estate & Construction

The recent surge in exchange rates surpassing 1,460 KRW has caused widespread ripples across the Korean economy . Particularly, the construction and real estate sectors are facing compounded challenges, including rising construction costs, high-interest rates, and political uncertainty. This article delves into how the exchange rate hike is affecting these industries, examines key phenomena, and explores market forecasts. Key Insights on Exchange Rate Impacts on Construction and Real Estate The Impact of Rising Exchange Rates on the Construction Industry Increasing Construction Costs and Imported Material Prices Exchange rate surges lead to higher costs for imported raw materials, intensifying construction cost inflation. Construction Cost Index : Increased from a baseline of 100 in January 2020 to 130.32 in October 2024. Exchange Rate Movement : Jumped from 1,160 KRW in 2020 to 1,466 KRW in 2024. Seon-gu Park, Director of the Economic and Financial Research Division at the ...
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Korean real estate news-2025 Housing Market Outlook: Supply Shortages and Demand Growth

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 The 2025 housing market is poised to undergo significant changes driven by decreasing supply and increasing demand. As major construction companies reduce their plans and housing prices show a potential rise, strategic market participation will be key. 1. Reduced Supply from Major Builders South Korea’s top five construction companies (Samsung C&T, Hyundai E&C, Daewoo E&C, DL E&C, GS E&C) are planning to supply approximately 59,000 apartment units in 2025. This marks a 12% decline compared to the 67,000 units supplied this year, signaling a notable shift in the housing supply market. Key Regions in the Capital Area In Seoul, redevelopment projects in Gangnam and New Town areas are expected to attract significant attention. Notable projects include the “Raemian One Perla” in Seocho’s Bangbae-dong and the Eunhasu redevelopment in Gangnam’s Yeoksam-dong. Other key areas include the New Town projects in Noryangjin-dong and Sillim-dong, which are expected to see...
위치: 한국
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Korean real estate news-2024 Real Estate Price Trends: Single-Family Homes and Land Values in South Korea

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  Explore the latest trends in 2024 South Korean real estate , including the rise in standard single-family home prices by 1.96% and standard land values by 2.93%. Learn how these changes impact property taxes and discover strategies for property owners and investors to navigate this evolving landscape. Regional Variations in Single-Family Home Price Growth Price Increase by Region Seoul : 2.86% increase, the highest nationwide Yongsan-gu : 3.7% increase due to redevelopment potential (highest in Seoul) Gangnam-gu, Seongdong-gu, Dongjak-gu, Mapo-gu : Over 3% increase Guro-gu, Geumcheon-gu, Gwanak-gu : Modest increases between 1.86% and 1.99% Gyeonggi Province : 2.44%; Incheon : 1.7% Jeju : -0.49%, the only region with a decline Seoul’s price growth has been driven by areas with strong development potential and advantageous location factors. Yongsan-gu , in particular, benefited from major projects like the Hanam New Town development and GTX-B railway line. Conversely, Jeju experien...
위치: 대한민국
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Korean real estate information-2025 Gyeonggi Real Estate Market: Opportunities and Risks Analysis

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The Gyeonggi real estate market in 2025 is at a transformative stage, with growth driven by transportation innovation, population influx, and large-scale urban development projects. However, the market also faces challenges such as high-interest rates, policy uncertainties, and aging infrastructure. For investors, understanding both opportunities and risks is essential to formulate a successful investment strategy. Why Focus on Gyeonggi Real Estate in 2025? Enhanced Connectivity with Seoul One of the biggest advantages of Gyeonggi real estate lies in its improved connectivity with Seoul, thanks to groundbreaking transportation projects like the GTX (Greater Seoul Metropolitan Express Railway). The GTX system connects major hubs in Gyeonggi to Seoul within 30 minutes, drastically reducing commute times and increasing the appeal of suburban areas as a place to live. Key features of the GTX system: GTX-A Line : Links Paju, Ilsan, Samsung, and Dongtan, making it a vital connection fo...
위치: 한국
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Korean real estate news-Real Estate Market Outlook for 2025: Insights from 50 Experts

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  Discover the 2025 real estate market outlook: Seoul’s housing prices expected to rise, regional markets continue to decline, and real estate outshines stocks as a stable investment. Learn more with expert analysis. Real Estate Market Outlook for 2025: Expert Insights and Strategies The real estate market in 2025 is anticipated to witness a sharper divide between Seoul and regional markets. While Seoul's housing prices are expected to rise due to key economic and policy factors, regional markets are likely to continue their downward trend. Based on insights from 50 real estate experts, we explore key trends, challenges, and strategies for the year ahead. 1. Seoul’s Housing Market: A Gradual Uptrend 76% of Experts Predict Price Increases According to a survey conducted by Maeil Business Newspaper , 76% of real estate experts forecast a rise in Seoul’s apartment prices in 2025. This optimistic outlook is supported by expectations of stabilizing interest rates and increasing ren...
위치: 한국
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Korean real estate news-Where Is South Korea's Real Estate Market Headed Amid Political Turmoil?

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  An analysis of South Korea's real estate market following President Yoon Suk-yeol's impeachment. We explore the potential effects on policy momentum, regulatory tightening, and prolonged market uncertainty. Yoon Suk-yeol's Impeachment and Changes in the Real Estate Market On December 14, 2024, South Korea’s National Assembly passed an impeachment motion against President Yoon Suk-yeol, intensifying interest in its potential effects on the real estate market. The ongoing political turmoil, combined with tightened lending regulations, raises concerns about further market stagnation. Loss of Momentum for Major Real Estate Policies Stalled Efforts to Repeal the Two Rental Laws The government’s initiative to repeal the Two Rental Laws (contract renewal request right and rent cap) faces significant obstacles. Opposition party resistance and political uncertainty are likely to hinder legislative progress. Reconstruction Excess Profit Recovery and Official Property Valuation Poli...
위치: 한국
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Korean real estate news-The Impeachment of President Yoon Suk-yeol and Its Impact on the Real Estate Market: Past Cases, Projections, and Global Perspectives

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  The Relationship Between Political Uncertainty and the Real Estate Market As the possibility of President Yoon Suk-yeol's impeachment drags on, attention is turning to how the ongoing political uncertainty may affect the real estate market. Historically, political turmoil has had a short-term negative impact on the market, weakening buyer sentiment and reducing transaction volumes. However, in the medium to long term, economic conditions, loan regulations, and the supply-demand balance have played a more decisive role in determining market trends. Real Estate Market Trends During the 2016 Impeachment of President Park Geun-hye Short-Term Disruptions and Temporary Price Declines The impeachment of President Park Geun-hye in late 2016 led to short-term price declines in the nationwide and Seoul apartment markets. December 2016 (Post-Impeachment Motion): Nationwide apartment prices: -0.33% Seoul apartment prices: -0.60% January 2017: Nationwide apartment prices: -0.3...
위치: 한국
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