Reporting, analysis, and commentary on busan news from Breeze in Busan.
Recent signs of tightening in Busan’s jeonse market do not indicate a broad-based recovery. Instead, they reflect demand concentrating in a limited number of districts amid population decline, rising vacancy, and a gradual shift away from deposit-based leases.
For years, Busan has tried to revive its old hillside districts with small lifts, monorails, and planning models borrowed from flat cities. None of them have worked. The terrain—steep, fragmented, and rapidly aging—keeps breaking the plans long before they reach the ground.