More Koreans in their twenties and thirties are getting mortgage loans.
According to data compiled by five commercial banks, housing loans extended to people in their twenties stood at a combined five-point-two billion U.S. dollars at the end of last month, …up almost 50 percent from June 2013.
For people in their thirties, the corresponding figure was up nearly 30 percent to about 52-point-nine billion dollars.
Since last year, with the key interest rate being steadily being cut to its current record low of one-point-five percent, the number of low-interest housing loans have been on the rise.
On top of this,... more young adults have been borrowing to buy houses over the last two years due to record-high deposit-linked rent... or jeonse ... prices.
Data show housing transactions from April to June by the age group rose nearly 40 percent on-year, …marking a record number of quarterly transactions.