310 12 12 8 13 8 50,098 53,390 6.57-4.75 3,190 5,460 71.16 3.28 4,004 5,763 43.93-9.18 3,544 4,263 20.29 2.26 4,025 2,496-37.99-1.15 3,103 2,915-6.06 13.21 1,695 1,709 0.83-3.72 3,246 3,151-2.93 18.18 10,358 11,184 7.97-5.88 1,228 1,329 8.22-8.95 2,238 2,150-3.93-5.43 2,189 2,387 9.05-14.50 1,570 1,428-9.04 5.14 1,812 1,305-27.98-14.37 2,338 3,193 36.57 1.96 3,480 3,893 11.87-18.74 384 405 5.47 24.79 2013 October Vol.65 79
50 30 10-10 -30-50 -70-4. 75 6. 57% 71. 16% 3. 28-9. 18 43. 93% 2. 26-1. 15 20. 29% -6. 06% -37. 99% 13. 21-3. 72 0. 83% 18. 18-2. 93% -5. 88-8. 95 7. 97% 8. 22% 5. 14-5. 43-14. 50-14. 37 9. 05% -3. 93% -9. 04% -27. 98% 36. 57% 1. 96 24. 79 11. 87% -18. 74 5. 47% 80 60 40 20 0-20 -40-90 -60 3 ( 10~ 12) 180,000 165,599 160,000 138,671 140,000 123,297 120,000 97,630 100,000 88,706 80,000 74,835 69,807 65,072 67,672 68,119 59,294 60,000 41,926 42,288 32,571 35,326 36,903 40,000 20,000 29,412 27,881 32,547 32,501 32,346 31,216 26,928 25,667 0 '08 '09 '10 '11 12 '12 12 '13 6 '13 7 '13 8 80 Real Estate Focus
80% 53.8% 60% 40% 20% 0% 6.0% 1.2% 5.8% -20% -9.5% -2.9% -4.7% -8.3% -7.9% -3.8% -3.4% -9.5% -4.9% -4.4% -7.4% -10.2% -40% -60% -80% -100% -75.6% (www.molit.go.kr) 13.3 13.4 13.5 13.6 13.7 13.8 30,051 30,915 35,546 38,208 36,255 31,979 (-21.3%) (-26.7%) (-22.9%) (-24.4%) (-17.0%) (-18.1%) 34,876 35,651 29,677 34,233 32,409 35,446 (-20.0%) (13.1%) (-35.8%) (-36.0%) (8.6%) (-21.0%) 21,497 16,182 29,236 40,221 14,237 27,981 (-21.5%) (-38.4%) (-21.5%) (25.4%) (-7.0%) (-19.5%) 19,456 30,161 31,385 39,616 20,309 30,324 (-16.5%) (47.8%) (-1.7%) (8.2%) (-36.2%) (-7.7%) 2013 October Vol.65 81
549,594 586,884 39,030 321,177 31,979 248,497 272,156 269,290 14,437 137,645 14,707 109,538 1.9% 88,060 86,123 7,686 54,407 8,794 48,859 14.4% 35,905 32,132 702 18,534 762 10,616 8.5% 148,191 151,035 6,049 64,704 5,151 50,063 277,438 317,594 24,593 183,532 17,272 138,959 356,762 376,086 23,198 175,766 18,124 136,238 192,832 210,798 15,832 145,411 13,855 112,259 115,349 109,609 1,083 17,452 2,086 13,876 92.6% 434,245 477,275 37,947 303,725 29,893 234,621 82 Real Estate Focus
424,269 480,995 44,892 300,001 35,446 249,839 196,515 209,033 19,002 130,948 18,628 112,992 77,657 73,274 8,910 54,326 8,373 36,895 20,795 14,464 777 8,851 770 8,865 0.2% 98,063 121,295 9,315 67,771 9,485 67,232 1.8% 227,754 271,962 25,890 169,053 16,818 136,847 252,495 287,727 28,680 164,966 21,812 143,931 171,774 193,268 16,212 135,035 13,634 105,908 86,715 97,761 5,411 43,038 2,035 30,486 337,554 383,234 39,481 256,963 33,411 219,353 284,923 297,964 34,780 195,600 27,981 168,607 120,415 103,602 8,012 63,680 17,169 74,433 114.3% 16.9% 38,390 29,686 1,156 22,929 5,372 19,623 364.7% 10,620 17,582 0 8,465 2,981 5,422 71,405 56,334 6,856 32,286 8,816 49,388 28.6% 53.0% 164,508 194,362 26,768 131,920 10,812 94,174 200,481 221,969 29,622 150,751 19,529 113,165 56,506 51,222 4,472 27,708 7,245 43,914 62.0% 58.5% 27,936 24,773 686 17,141 1,207 11,528 75.9% 80,101 71,963 9,521 42,910 13,735 62,925 44.3% 46.6% 204,822 226,001 25,259 152,690 14,246 105,682 2013 October Vol.65 83
338,813 365,053 32,850 230,127 30,324 223,693 187,284 199,261 21,207 125,815 11,140 98,896 65,093 65,115 6,122 38,786 5,182 36,409 29,662 30,176 6,889 23,696 448 5,822 92,529 103,970 8,196 63,333 5,510 56,665 151,529 165,792 11,643 104,312 19,184 124,797 64.8% 19.6% 216,686 193,561 16,466 123,971 16,621 123,315 0.9% 122,127 171,492 16,384 106,156 13,703 100,378 101,856 43,715 4,893 33,354 2,332 29,161 236,957 321,338 27,957 196,773 27,992 194,532 0.1% 0.30 0.25 0.20 0.15 0.11 0.10 0.05 0.03 0.07-0.13 0.13 0.11 0.02 0.00-0.05-0.10 1 2 3 4 5 6 7 8 9 10 11 12 2010 2011 2012 2013 (http://www.onnara.go.kr/) 84 Real Estate Focus
13.8 0.001-0.02-0.03 0.02-0.02 0.04 ( 08.10) 0.48-0.68-2.58 0.88 1.17 2.64 4.00 3.50 3.00 2.50 2.00 3.75 1.50 1.00 0.97 0.93 0.92 0.90 0.89 0.94 0.60 0.45 0.59 0.50 0.37 0.52 0.53 0.64 0.48 0.51 0.51 0.60 0.21 0.00 0.01 0.09 0.02 0.01 0.02 0.08 0.04 0.02 0.02 0.09 0.01 0.02 0.00-0.03 0.00-0.02-0.01-0.50 8 (www.molit.go.kr) 0.25 0.20 0.15 0.10 0.05 0.00-0.05-0.10 0.04 0.03 0.03 0.03 0.00 0.01 0.00-0.01-0.01-0.03-0.04-0.05-0.04-0.07-0.08 (www.molit.go.kr) '13.06 '13.07 '13.08 2013 October Vol.65 85
20 15 10 5 0-5 -10-15 -20-25 -7.9-12.6-0.8-6.0-4.8-9.8-6.8-19.4 9.010.2-14.4-18.5-3.2-7.5 12.9-3.6 16.6-2.4 13.4-6.0 8.2 1.2 1.5-0.8 (www.molit.go.kr) 69,711 121,418 66,918 120,085-4.0-1.1 1,019 307 849 316-16.7 2.9 1,228 1,587 1,191 1,014-3.0-36.1 1,331 1,906 1,045 1,106-21.5-42.0 1,355 1,263 1,324 2,333-2.3 84.7 670 613 672 959 0.3 56.4 377 414 404 292 7.2-29.5 1,350 1,693 1,205 2,094-10.7 23.7 357 728 571 672 59.9-7.7 12,254 13,599 11,114 15,416-9.3 13.4 5,334 11,794 5,148 11,249-3.5-4.6 4,406 7,323 3,901 10,499-11.5 43.4 6,642 9,972 6,301 11,607-5.1 16.4 5,587 9,390 5,358 9,476-4.1 0.9 7,928 17,009 7,359 13,146-7.2-22.7 9,903 27,471 9,612 19,967-2.9-27.3 8,031 13,819 8,613 15,610 7.2 13.0 1,939 2,530 2,251 4,330 16.1 71.1 86 Real Estate Focus
450 400 350 300 250 200 150 100 50 0 4.64 398 4.41399 399 4.29 399 399 404 402 401 401 401 401 407 407 4.23 4.19 4.16 4.17 4.06 3.97 3.86 3.77 3.73 3.77 313 313 313 314 313 318 316 315 316 316 316 321 321 396 397 397 397 397 402 400 399 400 400 400 406 406 311 312 312 312 312 317 315 314 315 315 315 320 320 2012/07 2012/08 2012/09 2012/10 2012/11 2012/12 2013/01 2013/02 2013/03 2013/04 2013/05 2013/06 2013/07 5.00 4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 2013 October Vol.65 87
1,546 1,212 78.4 1,308 450 34.4 6,260 4,885 78.0 6,430 2,562 39.8 3,151 2,058 65.3 1,877 462 24.6 3,127 2,402 76.8 508 174 34.3 2,802 1,490 53.2 641 171 26.7 5,077 2,975 58.6 7,258 2,138 29.5 159 97 60.7 350 76 21.7 90 77 86.2 666 269 40.4 22,212 15,196 68.4 19,038 6,302 33.1 88 Real Estate Focus
2013 October Vol.65 89
100 2,000 90 1,800 80 1,600 70 1,400 60 1,200 50 1,000 40 800 30 600 20 400 10 200 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 0 90 Real Estate Focus
55.0% 45.0% 35.0% 25.0% 15.0% 5.0% -5.0% -15.0% Industrial Office Retail Apartments Lodging/resorts 2013 October Vol.65 91
92 Real Estate Focus
50 40 Foreign Flows International investors have spent 22.2 billion so far in 2013, just 5.4 billion short of the total such investors spent in 2012. But there remains a way to go before matching the pre-recession level of 46.9 billion reached in 2007. Billions 30 20 10 0 2007 2008 2009 2010 2011 2012 2013 2013 October Vol.65 93
94 Real Estate Focus
2013 October Vol.65 95
96 Real Estate Focus