South Korea: homeownership views despite rising interest by age group 2023

According to a survey on homeownership in South Korea in January 2023, those aged 60 years and older were most likely to answer that they should own their house despite rising interest rates among age groups. On average, around 47 percent of respondents agreed that they should own a home even in the case of rising interest rates and higher loan burdens.

Perception of owning a home despite rising interest rates in South Korea as of January 2023, by age group

Characteristic	Share of respondents
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Release date

2023

More information

Region

South Korea

Survey time period

January 27 to 30, 2023

Number of respondents

1,000 respondents

Age group

18 years and older

Special properties

sum of the responses from strongly agree and somewhat agree

Method of interview

Online survey

Supplementary notes

Original question: "How much do you agree with the following statement with regard to your own home? 'Even if interest rates rise and the burden of loan interest increases, you must own a home.'"

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