“Buy my house quickly”… 60% of the Seoul subscription winners this year are in their 20s and 30s

July 25, 2023 0 Comments

This year, six out of 10 winners of apartment subscriptions in Seoul were found to be in their 30s or younger.

As a result of analyzing the Korea Real Estate Agency’s ‘regional subscription winner information’ by real estate information company Real Estate Info, the ratio of those in their 30s or younger among the Seoul apartment subscription winners from January to June this year reached 59.7%.

This is about 5.3 percentage points higher than the national average of 54.4%체스카지노.

The winning rate for those in their 30s or younger in the Seoul apartment subscription was only 31.0% in 2020, but it is steadily increasing to 33.3% in 2021 and 43.2% in 2022.

As the ratio of subscription lottery system increases and pre-sale prices continue to rise, it is interpreted as the influence of people in their 20s and 30s who are trying to quickly prepare apartments through subscriptions.

Since April of this year, except for Gangnam District 3 and Yongsan-gu, winners are selected by lottery system with 60% of exclusive area less than 85㎡ and 100% of more than 85㎡.

The fact that the period of restriction on resale of pre-sale rights has been reduced and the obligation of actual residence has been eased is also interpreted as adding to the enthusiasm of the younger generation for subscription.

Another reason is that consumers in their 30s and younger are actively buying apartments.

According to the Korea Real Estate Agency, the proportion of people in their 30s or younger in apartment sales in Seoul from January to May of this year reached 36.5%, significantly exceeding those in their 40s and 50s.

An official from Real Estate Info analyzed, “Considering that the loan regulations are strict, it seems that they are trying to buy my house quickly at a level where they can afford it rather than overdoing it, to live stably, and to increase the value of their assets in the mid- to long-term.”

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