New mortgage loans per borrower hit record high in Q1
نظرة سريعة
- New mortgage loans per borrower in South Korea reached a record high of 229.39 million won in Q1, despite government efforts to cool the housing market.
- The increase was attributed to rising housing transactions, with significant gains seen in the 30s and 20s age groups.
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لماذا يهم
New mortgage loans per borrower in South Korea have reached a record high in the first quarter of 2026, despite the government's efforts to cool down the housing market. This trend was observed despite a series of government measures aimed at stabilizing the property market.
SEOUL, May 22 (Yonhap) -- New mortgage loans per borrower rose to a record high in the first quarter despite the government's tightened regulations to cool the overheated housing market, central bank data said Friday.
Fresh mortgage lending per borrower averaged 229.39 million won (US$151,800) during the January-March period, up 16.53 million won from three months earlier, according to the data by the Bank of Korea (BOK).
It marked the highest level since the BOK started compiling such data in 2013.
New household lending per borrower, which includes mortgage loans, rose 990,000 won to 35.42 million won over the cited period.
The BOK attributed the increase in new household and mortgage lending to a rise in housing transactions despite a series of government measures aimed at stabilizing the property market.
By age group, new mortgage loans rose across nearly all brackets in the first quarter, with borrowers in their 30s posting a 34.57 million-won increase and those in their 20s an 18.11 million-won gain.
By region, fresh mortgage lending in the greater Seoul area rose by 32.48 million won per borrower in the first quarter, followed by the Chungcheong region with 10.19 million won.
أسئلة مفتوحة
- Will the government introduce further measures to control the housing market?
- What is the specific impact of these increased mortgage loans on household debt levels?
- Are there specific factors driving the increase in housing transactions despite regulations?
- How do these figures compare to previous periods of housing market regulation?
