The Korea Times / February 17th, 2017
The Korea Times reports: Korea’s commercial real estate market is expected to continue its record momentum this year on growing interest from both domestic and foreign institutional investors, according to Real Capital Analytics (RCA), a global commercial real estate consultancy.
This is in spite of forecasts of Korea’s low growth, decreasing working population and high debt weighing down the market.
Demand for commercial real estate such as office buildings and hotels will grow as foreign capital seeks new investment opportunities in all types of properties. Already, RCA said there are a number of deals pending this year.
“Real estate prices in South Korea are sharp by historical comparison, a trend we believe is driven by good fundamentals,” RCA Asia Pacific Senior Director Petra Blazkova said in an email interview.
View the full article on The Korea Times: Commercial Real Estate Boom Continues