According to a survey on homeownership in South Korea in January 2023, those aged 60 years and older were most likely to answer that they should own their house despite rising interest rates among age groups. On average, around 47 percent of respondents agreed that they should own a home even in the case of rising interest rates and higher loan burdens.
Perception of owning a home despite rising interest rates in South Korea as of January 2023, by age group
Characteristic
Share of respondents
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sum of the responses from strongly agree and somewhat agree
Method of interview
Online survey
Supplementary notes
Original question: "How much do you agree with the following statement with regard to your own home? 'Even if interest rates rise and the burden of loan interest increases, you must own a home.'"
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Hankook Research. (March 21, 2023). Perception of owning a home despite rising interest rates in South Korea as of January 2023, by age group [Graph]. In Statista. Retrieved July 28, 2024, from https://www.statista.com/statistics/1450961/south-korea-perception-of-homeownership-with-rising-interest-rates-by-age-group/
Hankook Research. "Perception of owning a home despite rising interest rates in South Korea as of January 2023, by age group." Chart. March 21, 2023. Statista. Accessed July 28, 2024. https://www.statista.com/statistics/1450961/south-korea-perception-of-homeownership-with-rising-interest-rates-by-age-group/
Hankook Research. (2023). Perception of owning a home despite rising interest rates in South Korea as of January 2023, by age group. Statista. Statista Inc.. Accessed: July 28, 2024. https://www.statista.com/statistics/1450961/south-korea-perception-of-homeownership-with-rising-interest-rates-by-age-group/
Hankook Research. "Perception of Owning a Home despite Rising Interest Rates in South Korea as of January 2023, by Age Group." Statista, Statista Inc., 21 Mar 2023, https://www.statista.com/statistics/1450961/south-korea-perception-of-homeownership-with-rising-interest-rates-by-age-group/
Hankook Research, Perception of owning a home despite rising interest rates in South Korea as of January 2023, by age group Statista, https://www.statista.com/statistics/1450961/south-korea-perception-of-homeownership-with-rising-interest-rates-by-age-group/ (last visited July 28, 2024)
Perception of owning a home despite rising interest rates in South Korea as of January 2023, by age group [Graph], Hankook Research, March 21, 2023. [Online]. Available: https://www.statista.com/statistics/1450961/south-korea-perception-of-homeownership-with-rising-interest-rates-by-age-group/
