“I don’t want to be a thunderbolt”… Twenties apartment purchase tax to become stronger

Enter 2021.01.20 16:30

Last year, the number of homes in their 20s increased significantly. In particular, at the end of the year, this movement is remarkable in local metropolitan cities.

As a result of analyzing the age of apartment buyers in 2019-2020 through the Korea Real Estate Agency on the 20th, last year, there were 44,870 apartment sales transactions under 20s. In 2019, the sales volume of apartments in their 20s and under (23,398 cases) was significantly exceeded. This figure excludes gift transactions.

Although the number of transactions has increased, the proportion of the age group under 20s is still small. It was in their 40s who bought the most apartments. From January to December of last year, out of 9,34,078 apartment purchase cases nationwide, those in their 40s accounted for 257112. The next was in their 30s (227768 cases), and in their 50s (180,046 cases).

However, the real estate industry believes that people in their twenties have begun to have a greater impact as consumers of the housing market such as apartments. In fact, in December of last year, people in their twenties and under bought the most 7098 apartments nationwide on a monthly basis out of the last two years. This is a 42.3% increase from the previous month’s sale of apartments in their 20s or younger (4987 cases).

In January-September 2019, the purchase of 20 apartments was 1,000 units per month. Since then, it surpassed 4,000 units for the first time in June of last year, and the buying trend in August-October seemed to subside, but in November it soared again.

Real estate experts believe that a move to buy a house with the help of parents and loans as much as possible is spreading from the 30s to the 20s as the sentiment that the rising house price can lead to a so-called’thunderbolt’ is spreading. ‘Thunderbolt beggar’ is a new word that implies that people who live silently with only their salary due to the soaring value of assets such as homes and stocks have become relatively beggars.

“Last year, the new term’thunderbolt’ came up,” said Jihae Yoon, senior researcher at Real Estate 114. “This is a term used by young people in their 20s and 30s,” said “The traditional home purchasers are in their 40s and 50s, but the rise in house prices continues A large amount of purchases are taking place in the 20s and 30s, which are inevitable age groups, but if the rise in house prices continues, they can become the mainstay of demand.”

By region, the increase in apartment purchases in regional cities such as Busan, Daegu, Gwangju, and Ulsan is more noticeable than in Seoul. In particular, in the case of Busan, a total of 1412 apartments purchased by people in their 20s or younger in the last two months from November to December, an increase of 209% from the same period last year (457). In particular, 877 cases were reached in November, up 302% from the same period last year (218 cases). From January to September 2020, the number of monthly purchases of apartments in Busan with less than 20 units was 100 to 200 units.

Daegu, Gwangju, Ulsan, and Sejong all bought apartments in their 20s or younger in December last year, the most in the last two years. In Daegu, the number of apartment purchases in their 20s last month increased by about 136% from the same period last year to 391. During the same period, Ulsan had 259 cases, an increase of 107% from the same period last year. Gwangju recorded 269 cases, up 77% from the same period last year. In Sejong City, 94 cases were up 27% from the same period last year.

In Seoul, in the second half of last year, the purchase of apartments in their 20s has been somewhat quiet. In July last year, the number of apartment purchases in Seoul under 20s soared to 562, but dropped to 200 from August. In December, there were 462 cases, down 1.7% from the same period last year.

In Gyeonggi Province, in June last year, the number of apartment sales for 20 apartments surged to 1588 cases, and then the increase fell to 1207 cases in November, but increased again to 2421 cases in December. In the Gyeonggi area last month, Goyang (330), Yongin (211), Pyeongtaek (152), Siheung (110), Bucheon (100), Paju (95), Anyang (94), Ansan (93) , Seongnam (91 cases), Uiwang (36 cases), Gwangmyeong and Anseong (33 cases each), and Dongducheon (28 cases), have the highest number of apartment purchases for the age group under their 20s in the last two years.

Along with this, there is also an analysis that 20s bought old apartments built in the metropolitan area. According to the report’Analysis of buyer characteristics by age group in the metropolitan area apartment market’ last month by the Korea Institute of Construction Industry and credit rating agency Korea Credit Bureau (KCB), the proportion of purchases of old apartments in their 20s, which was 32.9% in the first quarter of 2016, was in the second quarter of this year. It increased to 56.0%.

“Because of accessibility to prices,” said Ko Jun-seok, adjunct professor at Dongguk University’s Graduate School of Law. ·Since 30s have risen to a level where they cannot live on their own, transactions have been made mainly on low-cost sales in the accessible metropolitan area.” In the case of Seoul, he said, “In Seoul, the number of people in their twenties borrowing money from their parents to purchase directly is decreasing, while the number of donations such as giving apartments purchased by parents to their children seems to be increasing.”

Researcher Jihae Yoon said, “Amid the rising price of houses, single-person households in their 20s and 30s are virtually excluded from the subscription market, so they have no choice but to find a house in the existing housing market.”