Seoul Real Estate Gifts Exceed Last Year's Total
Rising Trend in Real Estate Gift Transfers in Seoul The number of real estate gift transfers in Seoul has shown a consistent upward trend this year. Specifically, the volume of gift transfers for collective buildings, such as apartments, has already exceeded the total recorded for all of last year. This increase is being interpreted as a reflection of expectations regarding rising home prices, which has led more individuals to opt for gift transfers rather than traditional sales. According to data from the Supreme Court's Registration Information Plaza, the number of gift transfers for collective buildings in Seoul between January and October this year reached 6,720 cases. This surpasses the total of 6,549 cases recorded throughout the entire previous year. The monthly figures also indicate a growing trend: 419 cases in January, 671 in April, 740 in July, 881 in September, and 837 in October. A significant portion of these gift transfers took place in the Gangnam Trio districts...