Remax, a global real estate company operating in over 110 countries around the world, announced on the 16th that it will hold the 32nd online real estate investment fair through a live broadcast on Remax Korea's official YouTube channel on the 17th.

According to Remax, building transactions in the domestic commercial real estate market have been increasing for two consecutive months. Based on actual transaction price data from the Ministry of Land, Infrastructure and Transport, the status of commercial and office buildings in Seoul as of March 2023, which shows the rebound trend in the commercial real estate market, was referenced. According to the data, the sales volume of commercial and office buildings in Seoul as of March was 104, compared to the previous month. 7.2% increased.

Based on the trading volume in March compared to January, this is an increase of 100%. The transaction amount is also on the rise along with the transaction volume. Remax explained that unlike February, when the transaction amount decreased despite an increase in transaction volume, the transaction amount for commercial and office buildings in Seoul in March successfully rebounded to KRW 839.3 billion, an increase of 541 TP3T compared to the previous month.

A Remax official said, “The vacancy rate has also decreased,” and “According to Cushman & Wakefield, a global real estate consulting firm, the average vacancy rate in Seoul’s street commercial districts in the first quarter was 21.4%, down 4.0 points compared to the same period last year.”

Remax said that real estate with high location and business value can see rental income and market profits even in a recession. He also mentioned that a specific approach based on various data is needed when investing in real estate.

At this expo, about 400 real estate experts from Remax affiliates will provide location analysis of real estate investment products such as shopping malls, buildings, hotels, reconstruction, redevelopment, logistics, factories, land, and overseas real estate. In addition, we plan to provide strategic consulting based on 50 years of know-how along with inspections necessary for investment, such as analysis of the business conditions of the store, legal and tax analysis, and understanding of economic and real estate trends.

Original link: Remax Korea holds the 32nd online real estate investment fair - Money Today (mt.co.kr)