Last Year Also Saw an Increase of 36,000... Multi-Homeowners Reach a Record High of 2.32 Million

[Image source=Yonhap News]

[Sejong=Asia Economy Reporter Son Seonhee] The number of multi-homeowners owning two or more houses reached 2.32 million last year. Despite the government's emphasis on 'one household, one house' and the release of various real estate measures, the number of multi-homeowners actually increased by about 36,000 last year, hitting an all-time high.

According to the '2020 Housing Ownership Statistics' recently announced by Statistics Korea, among the 14.697 million people who owned houses last year, 2.32 million owned two or more houses, accounting for 15.8%. This means that one out of every six homeowners is a multi-homeowner.

Although the government introduced various real estate measures to encourage multi-homeowners to put their properties on the market, the number increased by 36,000 compared to the previous year (2.284 million).

Among multi-homeowners, those owning two houses numbered 1.83 million (12.5%), three houses 297,000 (2.0%), four houses 76,000 (0.5%), and five or more houses 117,000 (0.8%).

Looking at it by household, 2.334 million households (19.9%) owned two or more houses, meaning one in five households was a multi-homeowner. Households owning three houses numbered 551,000 (4.7%). Notably, there were even 2,000 households owning 51 or more houses.

However, examining the annual increase trend in the number of multi-homeowners, the rise has slowed compared to 73,000 in 2018 and 92,000 in 2019. As a result, the proportion of multi-homeowners among all homeowners slightly decreased from 15.9% to 15.8% compared to the previous year.

The Housing Ownership Statistics is an annual statistic utilizing housing-related administrative data such as building registers, official housing prices, property tax data, and population, household, and housing data from the Population and Housing Census. The reference point for this statistic is November 1, 2020.

The total number of houses last year was 18.526 million, an increase of 399,000 from the previous year. The number of households owning houses was 11.73 million, with a housing ownership rate of 56.1%, and the average number of houses owned per household was 1.36. By age group, those in their 50s accounted for 25.4%, followed by those in their 40s at 22.7%, 60s at 20.5%, and 30s and 70s at 11.4% each.

This content was produced with the assistance of AI translation services.