Seoul's 30s Homeownership Plummets to 20% Low
Rising Trend of Non-Homeowning Households in Seoul Last year, the number of non-homeowning households in their 30s residing in Seoul reached a record high since data collection began. This trend highlights a significant shift in housing patterns and economic conditions for young adults in the city. According to the Ministry of Data and Statistics' housing ownership statistics released on the 24th, the number of non-homeowning households in their 30s in Seoul was recorded at 527,729, an increase of 17,215 households compared to the previous year. This figure marks the highest level since 2015, indicating a growing challenge for young adults in securing homeownership. The number of non-homeowning households in this age group decreased from 475,606 in 2015 to 456,461 in 2018 before rebounding. The rate of increase has been steadily rising, with the number of such households growing by around 3,000 in 2021, 15,000 in 2022, and reaching 17,000 in both 2023 and last year. Declining H...