The trend of increased first-time home purchases among those in their 30s has been notable in Seoul, with statistics showing that they accounted for 49.8% of all first-time buyers last year. This rise is attributed to fears of missing out on the escalating property market, as many young professionals, like 35-year-old Son, felt compelled to buy before potential further increases in home prices and interest rates. Son shared that the anxiety fueled by media reports on real estate and the anticipation of stricter loan regulations influenced his decision to purchase an apartment despite the financial burden of high-interest loans.

Additionally, the financial landscape has affected younger buyers' behaviors significantly. The government's tightening of lending regulations to manage household debt has prompted many in their 30s to act quickly, with alternatives such as first-time homebuyer loans and programs for newlyweds becoming more appealing amid the constraints. The fear of being priced out of the market has created a more intense competitive environment, pushing buyers like 39-year-old Yoon to make hasty decisions in settling on properties that may not meet all their preferences due to budget constraints.

In contrast, the participation rates of buyers in other age demographics have dropped sharply, highlighting the unique pressures faced by those under 40. The shift in buyer behavior suggests a need for policy adjustments to ensure that young aspirations for home ownership are met without creating unsustainable financial burdens. As the landscape evolves, it will be crucial for stakeholders, including the government and financial institutions, to address these trends and enhance accessibility to housing for younger generations.