Reasons for purchasing a home South Korea 2023

Published by
H. Yoo,
Nov 15, 2024
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

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Release date

2023

Region

South Korea

Survey time period

January 27 to 30, 2023

Number of respondents

1,000 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

Original question: "Which factor was more important when purchasing the house you currently live in?'"

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