Most Young Folks in Seoul Reside in Rented Housing

Most Young Folks in Seoul Reside in Rented Housing

Nine out of 10 Seoul electorate in their 30s hire their homes, either per 30 days or by the use of jeonse or Korean-style deposit lease, in line with a learn about released through the Seoul Metropolitan Executive on Tuesday. Town officials surveyed 20,000 families and 2,500 foreigners living in the capital in October remaining year. Seoul has been undertaking the survey every year since 2003.Some 88 % of other folks in their 30s are living in monthly rent or jeonse homes, while among over-50s some 61 percent own their homes. The family debt ratio stood at 48.4 percent, that means close topart of all households in the capital owe money. The maximum importantreason why for putting off loans used to be to either purchase or lease a house alongside 66 percent of respondents. By age, the debt ratio stood at 76.7 percent for citizens in their 30s, 64.8 percent for the ones in their 40s, 59.1 percent for those in their 50s and 54.1 percent for in over 60.As of last year, 24.6 percent or a quarter of the city's population were unmarried households. The percentage of one-person households in the capital has been emergingceaselessly from 21.5 percent in 2005. A Seoul urbanreliablestated a developingchoice of young individuals and senior citizens live alone.The space of Seoul with the most university-educated residents is prosperous Gangnam in southern Seoul at 51.1 percent, whilst the percentage is simplest 26.5 percent in northern Seoul. Some 59.4 percent of Seoul citizens said they wish to alive in the capital 10 years from now. Among respondents in their 20s, 66.7 percent said they wish tostay living in Seoul.