The value of residential real estate transactions in South Korea increased by almost 51 billion U.S. dollars between 2017 and 2023 and was forecast to continue to rise until 2028. According to data by Statista Market Insights, the value of home sales amounted to 163.46 billion U.S. dollars in 2023. By 2028, this figure was forecast to reach 210.08 billion U.S. dollars. South Korea is one of the 20 countries with the highest value of residential real estate transactions.
Value of residential real estate transactions in South Korea from 2017 to 2023, with a forecast until 2028
(in billion U.S. dollars)
Data provided by Statista Market Insights are estimates.
* forecast value
Definition:
Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.
Additional information:
The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.
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Statista. (November 28, 2023). Value of residential real estate transactions in South Korea from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1427258/residential-real-estate-transactions-value-south-korea
Statista. "Value of residential real estate transactions in South Korea from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars)." Chart. November 28, 2023. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1427258/residential-real-estate-transactions-value-south-korea
Statista. (2023). Value of residential real estate transactions in South Korea from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1427258/residential-real-estate-transactions-value-south-korea
Statista. "Value of Residential Real Estate Transactions in South Korea from 2017 to 2023, with a Forecast until 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Nov 2023, https://www.statista.com/forecasts/1427258/residential-real-estate-transactions-value-south-korea
Statista, Value of residential real estate transactions in South Korea from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1427258/residential-real-estate-transactions-value-south-korea (last visited November 05, 2024)
Value of residential real estate transactions in South Korea from 2017 to 2023, with a forecast until 2028 (in billion U.S. dollars) [Graph], Statista, November 28, 2023. [Online]. Available: https://www.statista.com/forecasts/1427258/residential-real-estate-transactions-value-south-korea
