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18 strong trends for 2025 in the Daejeon property market

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What is happening in Daejeon’s real estate market? Are prices on the rise or decline? Is Daejeon still attracting attention from foreign investors? How are local government policies and taxes shaping the real estate landscape in 2025?

These are the questions we hear every day from professionals, buyers, and sellers across Daejeon and beyond. Maybe you’re curious about the same things.

We know this because we stay closely connected with local experts and people like you, exploring the Daejeon real estate market daily. That’s why we’ve crafted this article: to offer clear answers, insightful analysis, and a comprehensive view of market trends and dynamics.

Our aim is straightforward: to make sure you feel informed and confident about the market without needing to search elsewhere. If you think we’ve missed something or could improve, we’d love to hear your feedback. Feel free to message us with your thoughts, and we’ll strive to enhance this content for you.

How this content was created 🔎📝

At BambooRoutes, we study the Daejeon real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers throughout the place. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These trends are originally based on what we’ve learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources, like KPMG International, the OECD, and South Korea's Ministry of Education (among many others).

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded. For the "trends" meeting our standards, we go and look for more insights from real estate blogs, industry reports, and expert analyses, alongside our own knowledge and experience. We believe it makes them more credible and solid.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make forecasts accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) Daejeon’s property prices will rise moderately due to limited supply and increasing demand

Daejeon's property market is buzzing with activity as more people are buying homes.

In 2023, the city saw about 32,000 housing transactions, a jump from the previous year's 26,000. This rise shows that more folks are interested in Daejeon's real estate, hinting at a growing demand.

Why the buzz? Daejeon is becoming a hot spot for innovation and education, drawing in students and professionals. With top schools like KAIST and Chungnam National University in Yuseong-gu, these areas are in high demand, pushing property prices up.

But here's the catch: there's not much new housing popping up. As of early 2024, nearly 60% of homes are considered old. This means people are scrambling for the few new places available, making the market super competitive.

Stories of bidding wars and competitive offers are common, showing just how fierce the demand is. With limited new developments, buyers are eager to snap up what's available.

Sources: Daejeon Real Estate Trends, MK Real Estate, Statista

2) International investors will target new developments in Yuseong district

International investors are turning their attention to the Yuseong district, drawn by its rising property values.

Yuseong's appeal is largely due to its strategic location and the presence of high-tech industries and research hubs. These factors have been key in boosting property values, making the district a hot spot for investment. The Daejeon City government's commitment to infrastructure, like the $1 billion light rail Line 2, is set to further enhance the area's connectivity with its 45 stops, making it even more attractive to investors.

The "2022 Smart City Creation Action Plan" is another feather in Yuseong's cap, paving the way for digital transformation. This initiative is not just about technology; it's about improving the quality of life and boosting economic competitiveness, which are crucial for attracting international interest.

Adding to the district's allure is the development of the Ansan Advanced National Defense Industry Cluster. This project is expected to be a game-changer, driving economic growth by tapping into national defense industry-related institutions and cutting-edge technologies. It's a clear signal of Yuseong's potential for significant economic development.

Investors are also eyeing the district because of its proximity to key research hubs, which are integral to the high-tech and defense industries. This proximity not only enhances the district's economic prospects but also its appeal as a place to live and work.

With these developments, Yuseong is not just a district on the rise; it's a district poised for a transformation that promises to attract even more international investors.

Sources: Rail Journal, KPMG International, Wikipedia

infographics map property prices Daejeon

We created this infographic to give you a simple idea of how much it costs to buy property in different parts of South Korea. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.

3) Student-heavy areas will experience rental market growth as enrollment numbers rise

The rental market in student-heavy areas like Daejeon is on the rise due to more students enrolling in universities.

In 2023, Daejeon saw over 1.2 million students enrolled, a clear sign of growth from previous years. This surge in student numbers means more people are looking for places to live, driving up demand for housing.

Competition for apartments, especially near medical schools, has become fierce. By late 2024, the competition ratio for apartment subscriptions skyrocketed from 0.59:1 to 10.14:1, showing just how tough it is to find a place.

Rental prices in these student-packed neighborhoods are climbing too. In June 2024, the average rent per bed hit a record $897, breaking past growth trends. This price hike is a direct result of more students and not enough new housing.

For those considering buying property, this trend is worth noting. The increased demand and limited supply make student-heavy areas a hot spot for real estate investment.

Understanding these dynamics can help potential buyers make informed decisions. With rising enrollment numbers driving the market, investing in student housing could be a smart move.

Sources: Ministry of Education, MK Real Estate, CrowdStreet

4) Demand for smaller apartments in Jung-gu will rise as single-person households grow

Single-person households in Daejeon have surged to 39%, making it a hotspot for those seeking smaller living spaces.

In Jung-gu, a bustling district in South Korea, there's a noticeable buzz around smaller apartments. This isn't just a trend; it's a response to the growing number of people living alone who find these spaces more practical and affordable.

Interestingly, the multifamily market in urban areas like Jung-gu is adapting. While there's a high supply of new units, which has kept rent growth in check, occupancy rates are feeling the squeeze. Yet, the demand for compact living spaces remains strong, showing a clear shift in what people want.

Backing this up, Statistics Korea has noted a demographic shift, with one-person households hitting 35.5% nationwide in 2023. Daejeon stands out with the highest percentage, emphasizing the need for more small apartments.

For potential buyers, this means Jung-gu is a promising area. The demand for smaller units is not just a passing phase; it's a reflection of changing lifestyles and preferences.

As more people choose to live alone, the real estate market in places like Jung-gu is likely to see a continued rise in demand for these compact, efficient living spaces.

Sources: Korea Times, Freddie Mac Multifamily Outlook, Statista

5) Rental yields will rise in newly developed areas due to modern amenities and infrastructure

In South Korea, newly developed areas are becoming hotspots for tenants thanks to their modern amenities and infrastructure.

These areas are seeing a surge in popularity, which is expected to lead to higher rental yields. The government's push for urban regeneration and smart city projects is a big part of this shift. They're investing in things like integrated transport systems and energy-efficient solutions, making these places more attractive to potential renters.

Take the Urban Regeneration New Deal, for example. It's all about improving living conditions with high-quality ICT infrastructures and other modern perks. This makes newly developed areas a top choice for tenants who value modern living, leading to higher occupancy rates and, in turn, better rental returns.

The demand for modern rental properties is growing, not just in Daejeon but also in cities like Busan and Seoul. This isn't just a local trend; it's happening across the country. People are looking for places with the latest amenities, and newly developed areas are meeting that demand.

Strategic efforts to boost the appeal of these areas through modern infrastructure are expected to keep this trend going. The focus is on making these places not just livable but desirable, which is why they're seeing such a rise in tenant interest.

With the government's continued investment in urban regeneration, newly developed areas are set to become even more attractive to renters. This means that if you're considering buying property in South Korea, these areas might offer promising rental yields.

Sources: OECD Report, Housing Cost Burdens Study, Urban Regeneration Policy Study

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6) Suburban property prices will stabilize as urban areas reach saturation

Property prices in Daejeon's urban areas have surged by 10.67%, highlighting a strong demand for city living.

With Daejeon's population expected to hit over 1.6 million in 2024, urban centers are getting crowded. This increase in population density means land is becoming scarce and expensive, similar to what happened in Busan. When there's not enough land for new projects, people start looking at suburban areas as a viable option.

Many are now eyeing suburban living for its affordability and space. Take Geumjeong-gu, for example, where property prices are much lower than in central Daejeon. Improved transportation links are making these areas more accessible, adding to their appeal.

The government is also nudging people towards the suburbs. The Daejeon Future Strategy 2048 Grand Plan is all about developing these regions, aiming for more balanced growth between urban and suburban areas. This focus could make suburban living even more attractive.

As urban areas become more saturated, suburban regions are expected to see a stabilization in property prices. This trend is driven by the increasing saturation of urban areas, making suburban living a more appealing choice for many.

So, if you're considering buying property, keep an eye on these suburban areas. They offer a mix of affordability, space, and accessibility, making them a smart choice as urban centers continue to fill up.

Sources: MK Real Estate, World Population Review, KOTRA Ombudsman

7) Demand for flexible living spaces will shape new property designs

Flexible living spaces are reshaping property designs in Daejeon, South Korea.

People are looking for homes that do more than just provide a place to sleep. Homes are now multifunctional spaces where you can work, relax, and even pursue hobbies. This shift is pushing the demand for adaptable living spaces, making them a hot topic in the real estate market.

One big change is the rise of smart furniture. In South Korea, the smart furniture market is booming, growing from USD 51.0 million in 2023 to a projected USD 78.2 million by 2030. This trend shows how people want furniture that can do more in less space, perfect for smaller homes.

Architectural trends are also catching on. Gensler’s 2025 Design Forecast talks about the need for adaptable spaces in cities. This is expected to influence real estate designs globally, and South Korea is no exception. The idea is to create spaces that can change as your needs do, making them more versatile.

Co-living and shared spaces are becoming more popular too. These community-centric hubs are driving demand for mixed-use lifestyle districts. People want places where they can live, work, and socialize all in one spot, which means more flexible and shared living areas are on the rise.

All these changes are shaping how new properties are designed. The focus is on creating spaces that can adapt to different needs, making them more appealing to potential buyers. This trend is not just a local phenomenon but part of a global shift in how we think about living spaces.

Sources: NextMSC, Gensler, Daxue Consulting

8) Daedeok district will draw more investors with its rising status as a research and innovation hub

Daedeok district is quickly becoming a hotspot for investors thanks to its growing reputation as a research and innovation center.

In recent years, the government has ramped up its investment in research and development, turning Daedeok Innopolis into a key player in Korea's tech scene. This support has sparked collaboration among various research institutes, making the district a lively hub for scientific progress. Daedeok is home to 26 research institutions, including big names like the Electronics and Telecommunications Research Institute (ETRI) and the Korea Institute of Geoscience and Mineral Resources (KIGAM).

This cluster of research facilities, combined with the area's history as a venture start-up hub, has drawn in both government and corporate-funded research institutes. Daedeok has emerged as a major scientific research complex in South Korea, attracting tech companies and fostering innovation. The district's vibrant ecosystem is a magnet for those looking to invest in cutting-edge technologies.

Job opportunities in tech and innovation have surged, with the area hosting around 30,000 master's and doctoral researchers. This influx of talent fuels the district's economic growth, making it a prime spot for investors. The Global Innovation Index ranked Daejeon first in Asia and third worldwide in science and technology intensity in 2022, boosting its appeal to international investors.

With its strong focus on research and innovation, Daedeok is not just a local player but a global contender. The district's ability to attract top talent and foster groundbreaking research makes it a compelling choice for investors. Daedeok's reputation as a research powerhouse is only set to grow, drawing more interest from around the world.

Investors eyeing the tech sector should keep an eye on Daedeok, where the blend of government support, top-tier research institutions, and a thriving start-up culture creates a fertile ground for growth. The district's strategic position in the tech landscape offers a unique opportunity for those looking to invest in the future of innovation.

Sources: Korea Times, KOCIS

infographics rental yields citiesDaejeon

We did some research and made this infographic to help you quickly compare rental yields of the major cities in South Korea versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

9) Tighter regulations on property speculation will affect short-term investors

Property transactions in Daejeon have surged from eight thousand to thirteen thousand in recent years, especially in 2023 and 2024.

This increase hints at a growing demand, likely fueled by speculative buying. To tackle this, the Financial Service Commission (FSC) is stepping in with stricter regulations. They've reduced the loan-to-value (LTV) ratio for properties in speculative zones, making it tougher for buyers to secure financing. This is a strategic move to curb speculative buying, which often inflates prices and makes homes less affordable for everyday buyers.

South Korea has a history of taking action against speculation. Back in 1989, they introduced real estate laws that limited housing lot ownership and taxed excessive profits. Although these laws were later deemed unconstitutional, they were effective in stabilizing the market at the time.

For those considering buying property in the country, it's crucial to understand that regulations are tightening around property speculation. This shift is likely to impact short-term investors who rely on quick turnovers for profit. The government's focus is on creating a more stable and accessible housing market for regular buyers.

As the market evolves, potential buyers should be aware of these changes and consider how they might affect their investment strategies. The emphasis is on long-term stability rather than short-term gains, which could reshape the landscape for property investors.

Sources: Global Property Guide, Statista, Kdevelopedia

10) Smart home technology will be a major selling feature in new developments

In Daejeon, South Korea, smart home technology is becoming a major selling point for new property developments.

Back in 2023, the smart home market in South Korea was valued at USD 5.13 billion, and it's expected to skyrocket to USD 23.31 billion by 2030. This means the market is growing at a rapid pace of 24.1% annually, showing how quickly people are embracing smart home devices.

People are increasingly looking for energy-efficient and automated home solutions. In 2023, consumers worldwide spent $21.5 billion on smart appliances, not just for the novelty but for efficiency and convenience. The global smart home market was valued at $100.42 billion, with a significant portion coming from energy-efficient systems and home automation.

Surveys have shown that buyers prefer homes with integrated smart technology. By 2023, over half of American homes had smart devices, and South Korea was following a similar trend. This shift is partly due to government initiatives and technological innovations that make smart homes more appealing.

The South Korean government is actively promoting smart technology in housing through various incentives and policies. These efforts encourage homeowners to adopt energy-efficient appliances and home automation systems, making smart homes even more attractive. A notable example is the collaboration between KOIT and the Korea Land and Housing Company to create a secure smart home platform.

In Daejeon, developers are keen to incorporate these technologies, knowing that smart homes are what buyers are looking for. The combination of government support and consumer demand is driving this trend, making smart home technology a key factor in the real estate market.

Sources: NextMSC, Strategic Market Research, TechJury

11) Areas with international schools and amenities will see rising demand from foreign buyers

Foreign property ownership in South Korea is on the rise, with foreign nationals making up 0.9% of total land acquisitions in 2023.

From January to July 2024, there was a 22% increase in foreign property purchases, largely driven by Chinese investors. This surge is partly due to the appeal of international schools, which are becoming increasingly popular among expatriates.

While specific data for Daejeon isn't available, the trend is clear: international schools are a major attraction for foreign buyers. These schools offer quality education, making them a top priority for families moving from abroad.

Foreign buyers also tend to gravitate towards areas with international amenities. In Seoul and Gyeonggi Province, nearly two-thirds of foreign property buyers choose locations with international schools. This pattern is likely to extend to Daejeon as well.

Real estate reports consistently highlight the demand for neighborhoods with international schools. In Seoul, properties near these schools are particularly sought after by foreign buyers, suggesting a similar trend could emerge in Daejeon.

As international schools continue to draw foreign interest, areas with these educational institutions are expected to see increased demand from international buyers.

Sources: Yonhap News Agency, The Korea Times, ICEF Monitor

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12) Virtual reality tours will be increasingly used in property marketing

Virtual reality tours are revolutionizing property marketing and becoming a must-have tool for real estate agents.

Imagine exploring a cozy countryside cottage or a sprawling estate without leaving your couch. That's the magic of VR tours, and it's catching on fast. By 2023, over half of adults had experienced a virtual tour, and a whopping 67% of home buyers wanted this feature when checking out listings. It's not just a fad; it's how people now prefer to explore properties.

Why are these virtual tours so popular? Well, they grab attention. Homes with VR tours get 87% more views than those without. Plus, potential buyers linger 5-10 times longer on websites offering these immersive experiences. This means more eyes on your property and a better chance of making a sale.

And here's the kicker: homes with virtual tours don't just sell faster; they sell for more. On average, these properties fetch 9% higher prices and close 31% quicker. It's a win-win for sellers and buyers alike, making the whole process smoother and more efficient.

Thanks to tech advancements, VR is now more accessible and affordable than ever. Real estate agencies are jumping on board, integrating VR into their marketing strategies to offer clients a richer, more engaging experience. It's not just about seeing a property; it's about feeling like you're already there.

As VR technology continues to evolve, expect it to become even more common in property marketing. It's not just a tool; it's a game-changer, reshaping how we buy and sell homes.

Sources: LandVault, NAR Realtor, NAR Realtor Blogs, WDCS Technology, PhotoUp

13) Demand for international-standard housing will rise with the growing expatriate community

The growing expatriate community in Daejeon is reshaping the housing market.

In 2023, South Korea saw a record 1.94 million expatriates, a 10.4% jump from the previous year. Many of these newcomers are settling in Daejeon for work or study, sparking a demand for homes that meet international standards. This trend is particularly evident with the arrival of multinational companies like Merck Life Sciences, which is setting up a new Asia-Pacific bioprocessing facility in the city.

Such international businesses often bring employees who need suitable housing, further boosting the demand for international-standard accommodations. In fact, foreign residents now make up 3.7% of Daejeon's population, up from 3.4% the previous year. This increase is reflected in the real estate market, where more property transactions involve expatriates.

Daejeon is also developing neighborhoods that cater to expatriates, like Kyochon-dong in Yuseong-gu. This area is being transformed into a national industrial complex, featuring high-density corporate clusters and industries like nano, semiconductor, space, and aviation. These developments are likely to include housing tailored to expatriates' needs.

The city's growth in services for expatriates, such as international grocery stores and cultural centers, supports this trend. These amenities make Daejeon more attractive to foreigners, further increasing the demand for international-standard housing. Expatriate-friendly services are becoming a key part of the city's appeal.

As Daejeon continues to evolve, the influence of its expatriate community on the housing market is undeniable. The demand for homes that meet international expectations is only set to grow.

Sources: Korea.net, MK Business, Merck Group

14) Demand for senior-friendly housing will rise due to an aging population

The aging population in Daejeon is driving up the demand for senior-friendly housing.

In recent years, Daejeon has seen a noticeable increase in its elderly population. Back in 2020, there were over 209,000 residents aged 65 and above, making up a significant chunk of the city's population. This shift means there's a growing need for homes that cater to older adults.

Looking at the bigger picture, South Korea is on track to have the world's most aged population by 2044. By 2024, nearly 20% of the population will be senior citizens, and this number is expected to climb past 30% by 2036. This trend highlights the urgent need for housing solutions that meet the needs of an aging society.

In Daejeon, the median age has been steadily rising, reflecting a broader pattern seen across South Korea. This increase in the elderly demographic is not just a local phenomenon but part of a nationwide trend.

As more people enter their golden years, the demand for homes with features like single-level living, easy access to healthcare, and community support is becoming more pronounced. Developers and city planners are taking note, recognizing the importance of creating environments where seniors can thrive.

For potential property buyers, this means opportunities to invest in or develop housing that aligns with these emerging needs. The market for senior-friendly housing is not just a trend; it's a response to a significant demographic shift.

Sources: Statista, City Population, Yonhap News Agency

statistics infographics real estate market Daejeon

We have made this infographic to give you a quick and clear snapshot of the property market in South Korea. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.

15) Green spaces and parks will significantly boost property desirability

In bustling cities like Daejeon, green spaces are becoming a hot commodity.

As Daejeon's population grows, with projections showing it could hit 1,586,000 by 2025, the need for parks and green areas is more pressing than ever. These spaces aren't just pretty to look at; they help improve air quality and cool down urban heat islands, making city life more bearable.

Living near a park isn't just good for your health; it's good for your wallet too. Take the Hannam Neighborhood Park in Seoul, for example, where property values have shot up thanks to its proximity to green spaces. People are increasingly choosing homes near parks for the boost in mental and physical well-being they provide.

Governments and media are catching on, pushing campaigns that highlight the perks of green spaces, from cleaner air to vibrant community activities. This buzz is driving up demand for homes near parks, making them a key factor in property desirability.

So, if you're thinking about buying property, consider the value of nearby green spaces. They're not just a trend; they're becoming a necessity for a better quality of life. As more people realize this, the demand for homes near parks is only going to grow.

Sources: Korea Herald, City Population, IIASA

16) Central Daejeon will see higher rental yields as demand for city living rises

Rental yields in central Daejeon are on the rise as more people are drawn to city life.

In 2023, housing transactions in Daejeon jumped to 32,000 from 26,000 in 2022, showing a clear uptick in interest for both buying and renting properties. This surge is a sign that more people are eyeing Daejeon as a place to settle down or invest in.

Daejeon is not just any city; it's a key hub for technology and research, thanks to institutions like KAIST and Chungnam National University. These places attract a steady stream of professionals and students who need housing, which keeps the rental market buzzing.

Getting around Daejeon is a breeze, thanks to its well-connected infrastructure. Major rail and road routes make it easy for residents and businesses to move around, and with ongoing projects, this connectivity is only going to get better.

As these infrastructure projects continue, the city's appeal grows, making it an even more attractive spot for city living. This, in turn, is expected to boost rental demand even further.

With all these factors in play, it's no wonder that rental yields in central Daejeon are expected to climb as more people flock to the city for its opportunities and lifestyle.

Sources: Statista, Wikipedia

17) Rising maintenance costs will reduce yields in older apartment complexes

Maintenance costs for older apartment complexes are rising, especially noticeable in 2023 and 2024.

As buildings age, they need more repairs and renovations, which is why maintenance expenses jumped over 21% in 2022 in the U.S. This trend is expected to continue, making older properties more expensive to maintain.

In 2023, the National Apartment Association noted an 11.8% increase in maintenance costs for older buildings. This includes essential services like painting, janitorial work, and elevator repairs, which eat into the net operating income and affect rental yields.

Tenants are often unhappy with maintenance issues in older complexes, leading to a drop in rental demand. They prefer newer buildings with fewer problems and better living conditions, pushing investors to look at newer properties.

Investors are now more interested in newer developments because they are seen as more cost-effective when it comes to maintenance. This shift is driven by the desire to avoid the high costs associated with older buildings.

Sources: Novogradac, National Apartment Association, 2024 Apartment Housing Outlook

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18) Demand for modern, tech-equipped apartments will rise as young professionals seek them

Young professionals are flocking to cities like Daejeon for better job prospects and improved living conditions.

With the rise of irregular jobs, there's a growing need for flexible and modern living spaces that cater to the dynamic lifestyles of young adults. This shift is evident as more young people seek out apartments that offer both convenience and adaptability.

The South Korean smart home market is booming, with a valuation of USD 5.13 billion in 2023 and projections to soar to USD 23.31 billion by 2030. This surge is fueled by government support and cutting-edge tech innovations, making tech-equipped apartments a hot commodity among young professionals.

There's a noticeable trend where consumer preferences are leaning towards tech-savvy living spaces. The popularity of smart home devices and advanced security features highlights the desire for modern apartments that integrate technology seamlessly into daily life.

Young professionals are particularly drawn to these tech-equipped apartments, as they offer the convenience and connectivity that align with their fast-paced, digital lifestyles. This demand is reshaping the housing market, with a clear focus on integrating smart technology into living spaces.

Sources: Korea Herald, NextMSC, Mordor Intelligence

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.