Meaning of "Fill the Gap"
This refers to the phenomenon in which prices in prime locations rise first, followed later by prices in nearby areas that have risen relatively less, thereby narrowing the price gap between regions.
"As the gap-filling trend took hold in Seoul, transactions in outlying areas—which had risen less sharply compared to the Gangnam district—began to pick up again."
Related slang words
topknotThis refers to a situation where one has purchased assets such as stocks or real estate at their peak prices, making it highly likely that a loss will be incurred.wait-and-see attitudeThis refers to the attitude of refraining from making immediate decisions to buy or sell in highly uncertain situations, and instead waiting to see how things develop before making a judgment.Ask priceThis refers to the price a buyer or seller offers in the market, which may differ from the actual transaction price.Lotto SubscriptionThis refers to a housing lottery with conditions as attractive as winning the lottery, where the sale price is significantly lower than the prevailing market price, making it possible to expect capital gains in the hundreds of millions of won if selected.Undervalued ContractIllegal practices involving the preparation or reporting of contracts at amounts lower than the actual transaction price in order to reduce taxes such as capital gains taxBalloon effectThis refers to the phenomenon where, when regulations are imposed on a specific area, demand shifts to neighboring areas in an attempt to circumvent those regulations, causing housing prices and demand in those neighboring areas to rise as well.SubcontractThis refers to illegal business practices in real estate transactions, such as inflating the contract price **above** the actual transaction price in order to secure more favorable loan limits or financing terms.Dining DistrictThis term refers to a neighborhood where Starbucks is within walking distance, allowing residents to enjoy coffee frequently and take advantage of local amenities.