Chungnam Ranks First in Apartment Purchases by Outsiders... 4 out of 10 Buyers

Chungnam, Chungbuk, and Gangwon Lead in Proportion of Non-Local Buyers
More Than Half of Properties in Dangjin, Chungnam Purchased by Non-Locals

[Asia Economy Reporter Hwang Seoyul] Last year, Chungnam was identified as the region with the highest proportion of apartment purchases by non-residents nationwide.

According to the monthly apartment sales transaction status by buyer residence from the Korea Real Estate Board on the 1st, among the apartment sales transactions (41,758 cases) conducted in Chungnam between January and December last year, the proportion of purchases made by residents from outside Chungnam was 43.05% (17,977 cases). This was followed by Chungbuk (39.83%), Gangwon (39.70%), Incheon (35.50%), and Gyeongbuk (30.69%).

Within Chungnam, the region with the highest proportion of non-resident purchases was Dangjin City (52.61%). More than half of the apartments traded in Dangjin City last year were bought by non-residents. This was followed by Cheonan City (47.44%) and Asan City (47.32%).

In Chungbuk, ranked second, Cheongju City had the highest proportion of non-resident purchases at 45.09%.

Industry experts cited affordable apartment prices and an increase in housing supply as reasons for the high demand from non-residents. In particular, Chungnam is characterized by relatively good accessibility to Seoul and many non-regulated areas.

Apartment pre-sales in the area are also expected to continue. According to industry sources, 25,431 households (excluding officetels and rentals) are expected to be supplied in Chungnam this year.

This is an increase of 3,938 households compared to last year's supply volume (21,493 households).

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