Savills Korea: “Seoul Office Transaction Volume in Q2 Hits 10-Year Low” According to a report by Savills Korea, the transaction volume of prime office spaces in Seoul in the second quarter of this year recorded the lowest level since 2014, or KRW 630.3 billion. The analysis suggests a decrease in trading volume is due to uncertainties surrounding the timing of interest rate cuts, which has led to delays in raising investor funds and extended funding periods. All these factors have resulted in transactions taking more than a year to conclude. However, Savills expects the annual transaction volume to ultimately amount to a similar level as last year as […]