Many parts of South Korean economy likely to face economic headwinds, but commercial real estate may be bright spot
Growing turbulence in South Korea’s real estate sector and the broader economy is likely to create new risks for international investors and foreigners on the peninsula, economic and industry analysts have told Korea Pro.
Risks include diminished nationwide consumption, reduced appetite for major transactions and new construction initiatives, and increased rental fees. On the flip side, however, experts say growing demand in some parts of the office space sector, the potential to purchase real estate at reduced prices and a welcome shift towards month-to-month rental standards present some modest opportunities.
Growing turbulence in South Korea’s real estate sector and the broader economy is likely to create new risks for international investors and foreigners on the peninsula, economic and industry analysts have told Korea Pro.
Risks include diminished nationwide consumption, reduced appetite for major transactions and new construction initiatives, and increased rental fees. On the flip side, however, experts say growing demand in some parts of the office space sector, the potential to purchase real estate at reduced prices and a welcome shift towards month-to-month rental standards present some modest opportunities.
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