Minors Purchase 66 Homes Through August This Year, Up From 37 Last Year

[Economy 365]

The number of homes purchased by minors through August of this year has nearly doubled compared to the total for the entire previous year.

Home purchases by individuals aged 0 to 19 reached 66 cases, which is 1.8 times the 37 cases recorded last year.

The total purchase amount stood at 23.1 billion won, marking a 9.5% increase from last year.

Among these, the amount reported as "self-funded," such as deposits or proceeds from the sale of stocks and bonds, accounted for 56.7% of the total at 13.1 billion won.

This means that on average, each minor purchased a home valued at 350 million won and reported about 200 million won of it as self-funded.

From 2021 through August of this year, home purchases by minors totaled 1,541 cases, with the cumulative purchase amount reaching 340.5 billion won.

*This article was produced with AI audio.
※ Please note: This article was translated by AI and may contain errors.