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Young adults in Seoul face record low homeownership, driven by unaffordable prices and shortages.
The homeownership rate for 30-somethings in Seoul hit a record low of 25.8% in 2024, with 527,729 young adult households lacking homes—up 17,215 from the prior year.
This marks the sixth straight year of increasing numbers of young adults without homes, driven by unaffordable prices and limited supply.
Nationally, the rate for the same age group also fell to a record 36%.
A survey found 83% of young, single, non-homeowners see homeownership as crucial for stability and wealth, with most seeking financial help for purchases or rentals.
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Los adultos jóvenes en Seúl enfrentan un récord de baja propiedad de vivienda, impulsados por precios inasequibles y escasez.