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Among heads of households in their seventies in South Korea, about ** percent owned homes in 2022, followed by those in their sixties at around ** percent. According to the source, the homeownership rate overall that year was ** ±è±ð°ù³¦±ð²Ô³Ù.Ìý

Decreasing housing purchases

There has been a decline in apartment prices, as the prices have averaged over ** South Korean won per square meter and surpassed ** million won in the capital city of Seoul. This decline has partly led to lower housing transactions, with the volume of housing transactions dropping below *. Since 2021, the sales price index for housing purchases in South Korea has experienced a sharp decline.

Living in South Korea

There has been a slight increase in living space per person despite the high population density in South Korean cities. While most households live in high-rise apartmentsÌý·É¾±³Ù³ó **** or more stories, only a fraction live in stand-alone houses. Nonetheless, most Koreans in their thirties believe they should own their own house, though financial factors may make this difficult to achieve.