In the Past 5 Years, 1,000 Multi-Homeowners Purchased 44,000 Houses... Purchase Amount Only 5.8 Trillion Won

[Image source=Yonhap News]

Top 1,000 Buyers Purchased an Average of 44 Houses Each Over 5 Years

The Top Buyer Born in 1972 Purchased 791 Houses, Spending 115.5 Billion KRW

[Asia Economy Reporter Kim Min-young] It has been revealed that the top 1,000 house buyers purchased more than 44,000 houses over the past five years.

On the 12th, Min Hong-chul, a member of the National Assembly Land, Infrastructure and Transport Committee from the Democratic Party of Korea, analyzed the "Top 1,000 House Buyers Data for the Past 5 Years" submitted by the Ministry of Land, Infrastructure and Transport. According to the analysis, from August 2017 to July this year, the top 1,000 buyers who purchased the most houses?including apartments, row houses, and single-family multi-unit houses?bought a total of 44,022 houses. The total purchase amount was recorded at 5.8453 trillion KRW.

All of these buyers are multi-homeowners, with an average of 44 house purchases each over the past five years.

The individual who purchased the most houses during this period, Mr. A, born in 1972, bought 791 houses, spending 115.5 billion KRW. The second-highest buyer, Mr. B, born in 1980, purchased 703 houses with a total purchase amount of 114.6 billion KRW.

Among the top 1,000 buyers, there were even three born in 2000. These three buyers born in 2000 purchased a total of 84 houses, spending a combined 6.24484 billion KRW.

There were also 61 buyers born in the 1990s on the top buyers list. Their total house purchases amounted to 2,695 houses, with a total purchase amount of 401.35998 billion KRW.

Assemblyman Min criticized, "The tax reduction plan for multi-homeowners promoted by the Yoon Seok-yeol administration will ultimately create an environment where real estate speculation forces can monopolize the real estate market." He added, "It is now necessary to prepare housing stability measures for ordinary citizens rather than tax cuts for the wealthy."

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