South Korea: real estate buying experience among the rich by age

When asked how many times they have engaged in purchasing real estate in a survey conducted among wealthy people in South Korea in 2022, the responses showed that those in their seventies or older had more than double the experience compared to those in their forties. According to the source, the wealthy were found to have purchased real estate around five times on average.

Real estate purchasing experience among the wealthy in South Korea as of December 2022, by age (in times experienced)

Characteristic	Number of times experienced
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

April 2023

More information

Region

South Korea

Survey time period

December 2022

Number of respondents

745 respondents

Special properties

those holding more than one billion South Korean won in financial companies

Method of interview

Face-to-face interview, online survey

Supplementary notes

Small to medium-sized apartments are considered to be less than 40 pyeong, large apartments larger than 40 pyeong, and buildings included here to be valued at least five billion South Korean won.
1,000 South Korean won equals 0.75 U.S. dollars or 0.69 euro as of February 2024.
One pyeong is equivalent to approximately 3.3 square meters.

Citation formats