South Korea Real Estate Market is expected to reach USD 552.7 million by 2030

The growing integration of online property platform across the region is driving the demand for the South Korea real estate market during the forecast period.

South Korea Real Estate Market was valued at USD 306.2 million in 2023, and is expected to reach USD 552.7 million by 2030, with a CAGR of 8.8% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

Rising online property platform for digital marketplace to streamline and enhance the real estate transaction process. These platforms serve as comprehensive hubs for property seekers and sellers, offering a wide array of property listings with detailed information, including location, size, amenities, and pricing. Users can efficiently search for properties using advanced filters, explore virtual tours, and view high-quality images.

These platforms often provide valuable market insights and trends, empowering users with information about the real estate landscape. Additionally, users can create accounts to save favourite listings, receive property alerts, and track their search history.

Moreover, the rise of remote work, fueled by technological advancements, has altered preferences for property locations, with a growing emphasis on a higher quality of life over proximity to traditional work centers. Smart home features, including automation systems and energy-efficient technologies, have become significant selling points, enhancing both the desirability and value of properties.

Online platforms have transformed the real estate landscape, offering virtual tours, streamlined transactions, and an abundance of information for buyers and sellers. Data analytics empowers real estate professionals with valuable insights into market trends, property values, and investment opportunities.

However, environmental concerns in the real estate industry pertain to the impact of construction and property development on the environment. As awareness of ecological issues increases, governments and communities may enact regulations that enforce eco-friendly construction practices.

This could include requirements for energy-efficient buildings, waste reduction, and sustainable materials. Implementing these measures may raise construction costs, affecting the overall profitability of real estate projects. Thus, investors and developers need to stay informed about evolving environmental standards and incorporate sustainable practices to navigate this restraining factor effectively.

On the other hand, the growing number of smart cities and sustainable development projects over the region is expected to provide ample opportunities in the real estate market in the coming years. These projects focus on creating eco-friendly, tech-savvy urban environments that enhance the quality of life.

As cities face issues of energy efficiency and infrastructure, the real estate sector benefits from constructing environmentally friendly, technologically advanced properties. This trend not only addresses pressing global challenges but also offers a promising future for real estate investors and developers to prosper in a world increasingly focused on sustainability and technology.

Request for a sample here: https://www.nextmsc.com/south-korea-real-estate-market/request-sample

Several market players operating in the South Korea real estate market include Prologis, Inc., Brookfield Asset Management Inc., ATC IP LLC, Simon Property Group, L.P., Coldwell Banker, Tata Housing Development Company, Keller Williams Realty, Inc., CBRE Group, Inc., Sotheby’s International Realty Affiliates LLC, and Colliers.

Key Insights from the South Korea Real Estate Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the South Korea real estate market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the South Korea real estate market is provided in the report along with their competitive analysis.

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