Seoul Homebuyers’ Use of Stock, Bond and Crypto Sales for Purchases Surges 2.6-Fold in Four Years
Summary
- The share of home purchase funding in Seoul raised through proceeds from the sale of stocks, bonds and cryptocurrencies has more than doubled over the past four years.
- From January through May this year, proceeds from the sale of stocks, bonds and cryptocurrencies accounted for 7.6% of home purchase funding used by individual buyers in Seoul.
- That was up 4.7 percentage points from 2.9% in 2021, giving Seoul the highest share among South Korea’s 17 cities and provinces for the use of proceeds from the sale of stocks, bonds and cryptocurrencies in home purchase funding.
Forecast Trend Report by Period
The share of home purchase funds in Seoul sourced from sales of stocks, bonds and cryptocurrencies has more than doubled over the past four years.
Maeil Business Newspaper reported on August 4 that an analysis of home financing plans filed by buyers in South Korea’s 17 cities and provinces showed 7.6% of purchase funds used by individual homebuyers in Seoul from January through May came from selling stocks, bonds and cryptocurrencies. The Ministry of Land, Infrastructure and Transport submitted the data to the office of Kim Jong-yang, a lawmaker from the ruling People Power Party who sits on the National Assembly’s Land, Infrastructure and Transport Committee.
That was up 4.7 percentage points from 2.9% in 2021, more than doubling in about four years.
Seoul recorded the highest share among the country’s 17 cities and provinces for home purchase funding raised through sales of stocks, bonds and cryptocurrencies.
