From now on, vacant houses can be transacted on real estate transaction platforms.
On the 9th, the Ministry of Agriculture, Food and Rural Affairs announced that it will actively promote the "activation of rural vacant house transactions (establishment of a rural vacant house bank)" project in collaboration with local governments, private entities, and related organizations. It will recruit participating local governments, management agencies, and licensed real estate agents this month so that vacant houses can be transacted through the real estate transaction platform by the end of the first half of the year.
So far, efforts have focused on demolishing rural vacant houses, but there was a need for various policy developments due to financial burdens from demolition cost support and demand for utilizing vacant houses. In particular, there were calls for policies providing information on vacant houses and creating a transaction environment to facilitate rural vacant house transactions.
The Ministry of Agriculture, Food and Rural Affairs plans to establish a "rural vacant house bank" that will list properties through local licensed real estate agents only where owners have agreed to transactions and utilization identified through surveys on vacant houses. Information on vacant houses will be provided in connection with the Agricultural, Forestry, Fisheries and Food Education Culture Information Institute's integrated platform "Green Road" and the Korea Real Estate Board's vacant house information platform "Binjiam."
Jeju Special Self-Governing Province, Buan County in Jeollabuk-do, and Yesan County in Chungcheongnam-do will be the first to participate in the vacant house bank project. Other local governments wishing to participate can apply from the 10th to the 24th.