Recent data analysis from Zigbang, a big data lab, reveals a noticeable shift in house donation trends in Seoul, specifically among the age groups participating in property transfers. In February, among the total of 1,773 house donors, the percentage of individuals aged 70 and above was 43.0%. However, this is a decline from 49.3% in January, indicating a gradual decrease in this age group’s contribution. Conversely, the participation of those in their 50s and 60s has risen, with their combined percentage reaching 49.0%, which is now higher than that of the 70-plus demographic.

The trend is complemented by similar observations in Gyeonggi Province, where the combined percentage of those in their 50s and 60s participating in house donations also surpassed that of the 70s, at 47.4%. Nonetheless, nationwide data indicates that the majority of house donations still come from older individuals, with 49.3% aged 70 and above. Particularly within non-capital regions, such as North Jeolla and South Jeolla provinces, the participation of the elderly in house donations remains significant, suggesting a consistent pattern across different areas of South Korea.

Market conditions, including tightening loan regulations that limit financial resources for younger generations purchasing homes, have led to an increased trend of property donations. Parents are opting to transfer their assets earlier to assist their children in navigating the high real estate prices in metropolitan areas like Seoul. Additionally, the anticipated government regulations around the ownership of multiple properties and the associated burdens on landlords are likely contributing factors influencing this trend.