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New market study, "South Korea Real Estate Report Q2 2013", has Been Published


New Business research report from Business Monitor International is now available from Fast Market Research


Published on 18 March 2013



by Bill Thompson

(WireNews)

Boston, MA

The South Korea Real Estate report examines the commercial office, retail, industrial and construction segments in the context of a slowing economy vulnerable to international macroeconomic headwinds and an infrastructure sector which is not living up to its potential.

With a focus on the principal cities of Daegu, Busan and Seoul, the report covers the country's rental market performance in terms of rates and yields and examines how best to maximise returns in the commercial real estate market, while minimising investment risk with the country's selection as host of the 2018 Winter Olympics. The success of this bid will see a renewed focus on the sector over the coming years in the lead up to the main event. More-likely-than-not, South Korea will also see a general increase in tourist arrivals as a result. In turn, this trend will prove to be a long-term boon to the construction and property industries. All of this, of course, will be taking place under the watchful eye of the investment community, in South Korea and overseas. In light of this, BMI has updated its quarterly South Korea Real Estate Report accordingly to meet this heightened interest in the sector, incorporating our most recent data covering full-year 2012.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/552337_south_korea_real_estate_report_q2_2013.aspx?afid=201)

BMI's view remains that the real estate industry is simply staying the path until the macroeconomic headwinds have passed, safe in the knowledge of its own solid - if not as exciting - long-term potential. Busan and Daegu are cities with very different stories to Seoul; they are both recovering after years of declining economies and waning traditional industries, whereas Seoul is the country's economic and commercial centre.

Key Points

- Our medium-term forecasts have been boosted following the July 7 2011 announcement that the South Korean city of Pyeongchang will host the 2018 Winter Olympics. However, the outlook for the country's residential and non-residential building industry sees it underperforming in the infrastructure sector. Underpinning this outlook is our expectation that residential construction activity will continue to drag down the sector as a whole.
- Although we expect construction activity in the country returned to positive territory in 2012, the lack of infrastructure activity and the reversal in non-residential building activity suggests that this recovery could be weaker than initially expected. As such, we have revised down our construction and infrastructure estimates for South Korea for 2012.
- However, we believe that construction activity in South Korea could pick-up in 2013 even though the lack of construction growth in recent quarters has dampened our near-term outlook for the construction sector. This pick-up is due to improving monetary conditions for construction activity, the government's commitment to improve the country's infrastructure, growing demand for tourism-related facilities and housing stimulus measures
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  • Bill Thompson
  • Fast Market Research, Inc.
  • PR Contact
  • Tel: +14134857001
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Posted 2013-03-18 13:43:00