Remax is going to Korea's largest franchise startup fair. 2024 First Half IFS Franchise Startup Fair Remax Korea is scheduled to participate in the 2024 First Half IFS Franchise Startup Fair, which will be held at COEX for three days from March 21st to 23rd, 2024. IFS is in each field…

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In Japan, where commercial banks have low interest rates and inflation, there has recently been a growing trend toward investing in real assets rather than holding cash assets. Not only real estate prices in Japan, but also whiskey and gold prices are rising. On the 14th, the Nippon Keizai Shimbun (Nikkei) conducted a real estate survey...

Continue ReadingRE/MAX Trend: Spot speculation on fire in Japan

Continuing from the previous month's issue. In the case of a building seller, in a market where it is difficult to sell at the right price like the current one, it is better to give a burden or gift. However, if a parent sells the gift to their child within 10 years, the transfer tax is calculated based on the parent's original acquisition price.

Continue ReadingReal estate tax: Brokerage customer lock-in strategy according to the real estate transaction cooling period

According to the Commercial Building Lease Protection Act (hereinafter simply referred to as “this Act”), a lessor does not necessarily have to be the owner of the leased building, and a person who has the right to dispose of the leased building or has lawful rental authority can also become a lessor. The lessor is the sole owner of the subject matter of the lease...

Continue ReadingReal Estate Law: Commercial Building Lease Protection Act and Landlords

The Commercial Building Lease Protection Act (hereinafter simply referred to as “this Act”) applies to “commercial buildings.” This law applies to leases of commercial “buildings.” Therefore, even if it is a lease of a place used for business, if the object of the lease is not recognized as a building...

Continue ReadingReal estate law: commercial buildings and factories and warehouses

The Commercial Lease Protection Act stipulates provisions to protect tenants of commercial buildings. However, the Commercial Lease Protection Act does not apply to all leases, but only applies to cases where the converted deposit is less than the standard amount. Then, the contents of the converted deposit, which is a requirement for application of the Commercial Lease Protection Act...

Continue ReadingReal estate law: concept and scope of converted deposit

As partial revisions to the Licensed Real Estate Act go into effect on October 19, 2023, real estate agents in private practice must explain the following when brokering a lease. 1) Information provision can be requested from the agency granting the fixed date 2) National taxes not paid by the lessor…

Continue ReadingReal estate knowledge: Precautions when signing a residential real estate lease based on the 2024 law

2023.12 Comprehensive Housing Price Index Note The comprehensive housing sales price index shifted from rising to falling in all regions. The upward trend has continued since last July, but the upward trend slowed down after 6 months, and all of Seoul, the metropolitan area, the five major metropolitan cities, and the provinces turned downward. Concerns about a slowdown in the real estate economy...

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Click on the photo to see detailed product information. For sale, Yangjae-dong Yuil Building, sale price KRW 10.5 billion, Principle Max Prime One 02-556-0020 Prime One Real Estate Brokerage Corporation CEO Im Sang-wook 02-556-0020 Yeoksam-dong, Gangnam-gu, Seoul 11680-2021-00169 Yejang-dong single-family home sale price 4.2 billion won, principle max UN 02-792-3033 Jang Moon-hee, CEO of UN Real Estate Brokerage Corporation 02-792-3033…

Continue ReadingJanuary sale/lease information