CBRE Korea published its forecasts for 2024’s domestic commercial real estate transaction market on October 18, predicting that the market will begin its recovery in the latter half of next year. CBRE has also predicted that total domestic investment volume this year will be roughly 20-30% less than last year. CBRE explained that several uncertain factors, including pressure on borrowing costs exceeding yields, concerns about weak economic growth, poor overseas real estate investment performance, and changes in government policy ahead of next year’s by-elections give context to low investment. According to CBRE, the size of Seoul’s real estate investment market in the first half of 2023 was approximately […]