Korea Housing Market 2024 Yoon. The residential real estate market in south korea is expected to register a cagr of greater than 11. Fewer people in their 20s and 30s purchased apartments here last year amid the steeply rising interest rates and falling housing prices, in an unexpected twist for the.

Over the next five years, 2.7 million homes will be added by the government and by the private sector incentivized by policy, according to the ministry of. Homebuyers shouldn’t expect conditions to improve too much in the second half of 2024, with mortgage rates expected to remain elevated and supplies tight.