South Korea Sees Crypto Investors Selling Coins to Buy Real Estate, With Highest Proportion in the 30s Age Group

BlockBeats News, May 10th. According to the data from the South Korean Ministry of Land, Infrastructure and Transport, from February 10th to March 31st, a total of 324 homebuyers declared using proceeds from cryptocurrency sales in their housing purchase fund procurement plans. Among them, 229 homebuyers were aged between 30 and 39, accounting for approximately 70.7%. In terms of amount, the proceeds from cryptocurrency sales declared for home purchases in this age group were about 10.31 billion South Korean Won (approximately $7.4 million), the highest among all age groups.

This data indicates that this year, South Korea has begun to separately list income from virtual asset sales in housing finance plans, reflecting the inflow of cryptocurrency gains into the real estate market. However, such funds currently only account for about 0.1% of the overall housing purchase funds, indicating that the overall impact is still relatively limited.