4 out of 10 young Koreans believe they'll never own their own home

2019-05-07 1

Four out of ten young, single Koreans say it's impossible for them to ever buy their own home.
According to a survey conducted by the Korea Institute for Health and Social Affairs,... some 90 percent of Koreans aged between 25 and 39 said it is necessary to own a home.
However, 45 percent said it seems impossible, mostly due to economic reasons.
45 percent responded than owning a home is a must,... while eleven percent said it's not necessary.
Pessimism was particularly high in metropolitan areas where, despite government efforts, property prices have been soaring.

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