This policy brief contains "Real Estate Market Trend and Prospect in 2005 " written in Korean. ○ Real Estate Market Trend - The average land price of Korea, which soared to 8.98% in 2002 and to 3.43% in 2003, has been also increased to 3.22% during last year. - The apartment sale price showed a 9.6% increase, and the rental price showed a 0.4 % decline in 2003. - The apartment sale price showed a 0.2% decline, and the rental price showed a 2.1 % decline in 2004. ­-­ There was not any significant increase in transaction volumes of existing housing, especially in the Seoul Metropolitan Area. - The apartment transaction volumes was increased by the year of 2002, and showed a decline in the years of 2003 and 2004. ○ Real Estate Market Prospect in 2005 - The stability in the real estate market of Korea is expected to be continued this year. - The housing market will be stable with a price decline and land market will be with a little price increase. ============================================================================================== Volume: 78 Writer : Dr. Soo Choi, Researcher of the Land & Housing Research Division. (E-Mail : soochoi@krihs.re.kr Tel : 82-31-380-0281) Mr. Chun-Gyu Park, Associate Researcher of the Land & Housing Research Division. (E-Mail : cgpark@krihs.re.kr Tel : 82-31-380-0274)