Nearly 20% of Homeowners Have More Than 2 Properties

  • Arirang News

    November 18, 2020 08:58

    Nearly 16 percent of homeowners in Korea last year owned two or more properties.

    According to Statistics Korea on Tuesday, 84.1 percent of homeowners owned just one home in 2019 and the rest at least two. The latter group numbered 2.28 million, up 92,000 from the previous year, and the proportion has been increasing since 2014.


    The proportion of multiple homeowners is rising, although the rate of increase has leveled a little since 2017. They accounted for 15.5 percent in 2017 and 15.6 percent in 2018.

    The biggest proportion was in the flashy Gangnam district of Seoul with 21.5 percent followed by Jeju with 20.7 percent, and Seocho near Gangnam and the administrative city of Sejong with 20.4 percent.

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