From BigGo Finance · BigGo Finance · · 1m 20s
South Korea's 2030 Generation Abandons Housing Accounts
South Korea's 2030 generation closes 750,000 housing subscription accounts this year, outpacing new openings by 80,000.
In brief
South Korea's 2030 generation closes 750,000 housing subscription accounts this year, outpacing new openings by 80,000. South Korea's 2030 generation closed 750,000 housing subscription accounts this year, exceeding new openings by 80,000. Originally reported by BigGo Finance.
South Korea's 2030 Generation Abandons Housing Accounts
South Korea's 2030 generation closes 750,000 housing subscription accounts this year, outpacing new openings by 80,000.
Seoul Apartment Prices Reach 1.59343 Billion Won
The average sale price of a 59-square-meter Seoul apartment is 1.59343 billion won (approximately $1.2 million).
Maximum Mortgage Loan Limit 600 Million Won
The maximum mortgage loan limit in Seoul is 600 million won (approximately $450,000).
Young Adults Need 1 Billion Won Cash
Young adults need 1 billion won (approximately $750,000) in cash to cover the remaining balance after a mortgage.
Stock Trading Volume Surges 26.4%
The 2030 generation's stock trading volume increased 26.4% from 1,043 trillion won (approximately $778.3 billion) in 2023 to 1,318 trillion won (approximately $983.6 billion) in 2:025.
First Half Trading Volume Exceeds 2024
The 2030 generation's stock trading volume in the first half of this year surpassed 1,710 trillion won (approximately $1.3 trillion), exceeding last year's full-year total.
Experts Call for Housing Supply Expansion
Experts say expanding housing supply in Seoul and narrowing the gap between sale prices and incomes are needed to stem the exodus.
The takeaway
South Korea's 2030 generation closed 750,000 housing subscription accounts this year, exceeding new openings by 80,000.
