The proportion of mortgage loans held by multi-property owners reversed course and increased last year, new data shows.
According to data obtained by Rep. Cha Kyu-geun of the Rebuilding Korea Party from the National Data Center and the Bank of Korea on the 8th, the outstanding mortgage balance held by borrowers with two or more mortgage loans rose from approximately 337 trillion won in 2024 to 373 trillion won last year, an increase of about 36 trillion won.
As a result, multi-property owners' share of total mortgage loans expanded to 31.9%. This ratio had been declining steadily—from 34.2% in 2021 to 32.0% in 2022, 31.2% in 2023, and 30.0% in 2024—before reversing to an upward trend last year.
Meanwhile, total outstanding mortgage loans have risen consistently, from 985.4 trillion won in 2021 to 1,170.7 trillion won last year. Rep. Cha emphasized, "The government must stabilize the real estate market through strong lending regulations."