real estate
Entered 2024.05.09 17:27 Modified 2024.05.10 00:42 Ground A29
The number of people in their 30s buying single-family homes and villas in Seoul has increased.
19% in the first quarter… Passing 40s
Buyers are flocking to areas with an easy commute
Panoramic view of Seoul apartment. /Photo = Yonhap News This year, the proportion of people in their 30s among non-apartment home buyers in Seoul, such as townhouses, has increased significantly. Analysis suggests that consumers who felt overwhelmed by rising apartment prices used low-interest policy loans, such as special loans for new-born babies, to buy non-apartments near the city centre.
According to Woori Bank’s Asset Management Consulting Center on the 9th, the proportion of people in their 30s among non-apartment home buyers in Seoul in the first quarter of this year was 18.9%. This was the second most common after those in their 50s (22.5%). Those in their 40s (18.4%) and 60s (16.3%) followed. In the first quarter of last year, the proportion of people in their 30s was 14.8%, which was less than the proportion of people in their 40s (17.0%). Nam Hyeok-woo, a researcher at Woori Bank’s Asset Management Consulting Center said, “Interest in non-apartment housing is growing thanks to the widespread perception that prices are at a low point, the rise of regulatory areas such as overheated speculative zones, and the loosening of redevelopment regulations , and so forth.” He explained, “Jeori’s special loan for newborns may also have had an effect on the increase in the proportion of people in their 30s.”
Non-apartment houses bought by people in their 30s and 40s are mainly concentrated in Seocho-gu, Seodaemun-gu, Yongsan-gu, and Dongjak-gu. What they have in common is that they are convenient areas for commuting to and from business areas such as Gangnam, Downtown, and Yeouido. People in their 50s and 60s tended to invest in Gangbuk-gu, Seongbuk-gu, Dobong-gu, and Gwanak-gu, which are relatively cheap but have many candidates for maintenance projects. Researcher Nam analyzed, “People in their 30s have a strong goal of owning their own home and buying houses with a focus on real living convenience.” He added, “Non-apartment homes are becoming an alternative to apartments for people in their 30s.”
Meanwhile, following a failure to return the rental deposit, the share of monthly rental transactions for studio apartments in townhouses and multi-family homes across the country increased to the highest level in 10 years. According to the Dabang real estate information platform, the monthly rental transaction volume in the first quarter of this year was 35,589, accounting for 56% of the one-room rental and monthly rental transaction volume (64,015).
Reporter Kim So-hyun alpha@hankyung.com
#buy #flat #People #30s #bought
