Half of Two-Home Owners Hold One in Seoul and One Provincially... Owners of Four or More Homes Heavily Invested in 'Single-Family Housing'

Contrary to the popular perception of multi-home owners as the wealthy possessing multiple high-end apartments in Seoul, it has been revealed that a significant number actually hold a large amount of provincial housing or non-apartment type residences, such as villas and single-family homes. Out of a total of 15.976 million homeowners, 2.377 million (14.9%) were identified as multi-home owners possessing two or more properties.

Looking at the status of housing holdings by region, 50.5% of two-home owners possessed both properties in the provinces, while the ratio of those owning only two Seoul apartments was found to be 3.78%. As the number of owned properties increases, the proportion of non-apartments such as row houses and multi-family homes grows; it was confirmed that 63.5% of properties held by owners of four or more homes were non-apartments. The average official price per home for these owners was found to be around 158 million won.

Analysis suggests that the asset types actually traded in the market—such as row houses, multi-family dwellings, and single-family homes—differ from quantity-based, uniform regulations.