Real Estate Market Recovery Hopes Falter as Brokerage Firms Continue to Close
the brokerage industry continues to face significant challenges Despite recent signs of recovery in the real estate market, the brokerage industry continues to face significant challenges. In June 2023, the number of newly established real estate brokerage offices was 744, the lowest since 2015. Meanwhile, the number of closed or suspended offices reached 1,137. This article delves into the current state of the real estate brokerage industry and explores the reasons behind these difficulties. Although there has been an increase in apartment transactions, particularly in the metropolitan area, the real estate brokerage industry remains in a slump. According to data from the Korea Association of Realtors, the number of newly established real estate brokerage offices nationwide in June totaled 744, a 16.3% decrease from the previous month. This is the lowest monthly figure since the association began collecting data in 2015. Compared to the same month last year, the number of new opening...