When asked which factor was more important when it came to purchasing their homes, almost 70 percent of respondents answered that the actual residence was more important than investment benefits according to a survey on homeownership in South Korea in January 2023. According to the source, around half of the respondents believed that homeownership was important even in the cases of increased property taxes and interest rates.
Reasons for purchasing a home in South Korea as of January 2023
Characteristic
Share of respondents
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Hankook Research. (March 21, 2023). Reasons for purchasing a home in South Korea as of January 2023 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1450978/south-korea-reasons-for-purchasing-a-home-by-factor/
Hankook Research. "Reasons for purchasing a home in South Korea as of January 2023." Chart. March 21, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1450978/south-korea-reasons-for-purchasing-a-home-by-factor/
Hankook Research. (2023). Reasons for purchasing a home in South Korea as of January 2023. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1450978/south-korea-reasons-for-purchasing-a-home-by-factor/
Hankook Research. "Reasons for Purchasing a Home in South Korea as of January 2023." Statista, Statista Inc., 21 Mar 2023, https://www.statista.com/statistics/1450978/south-korea-reasons-for-purchasing-a-home-by-factor/
Hankook Research, Reasons for purchasing a home in South Korea as of January 2023 Statista, https://www.statista.com/statistics/1450978/south-korea-reasons-for-purchasing-a-home-by-factor/ (last visited August 24, 2024)
Reasons for purchasing a home in South Korea as of January 2023 [Graph], Hankook Research, March 21, 2023. [Online]. Available: https://www.statista.com/statistics/1450978/south-korea-reasons-for-purchasing-a-home-by-factor/