It was found that 3.7 trillion won in funds from the disposal of stocks and bonds this year flowed into the dwellings market. The "money move" of profit-taking funds shifting from a rising stock market into the dwellings market appears to be strengthening.
According to funding plan tallies obtained from the Ministry of Land, Infrastructure and Transport by People Power Party lawmaker Kim Jong-yang on the 14th, 3,725,494 million won from stock and bond sales from January to April this year was used as funds to purchase dwellings.
A dwellings acquisition funding plan is a document that records the source of funds and payment methods for purchasing dwellings when reporting a real estate sale transaction.
Seoul was the region where stock and bond sale proceeds were most heavily投入 into real estate purchases. As much as 2.4396 trillion won, or 65.5% of the total, in trading funds was used to buy dwellings in Seoul. In particular, the three Gangnam districts saw concentration: Gangnam District (370,691 million won), Songpa District (353,151 million won), and Seocho District (290,382 million won).
Stock and bond sale proceeds were also widely used to buy high-priced dwellings of 1.5 billion won or more. By dwelling price range, the share of stock and bond sale proceeds used in purchases of dwellings priced at 1.5 billion won or more was 13.2% in April. Previously, the share of stock and bond sale proceeds in high-priced dwelling purchases was ▲2020: 3.2% ▲2021: 4.9% ▲2022: 4.5% ▲2023: 4.1% ▲2024: 4.6% ▲2025: 4.7% ▲January–March this year: 9.4%.
By age group, people in their 30s saw the largest inflow of stock and bond sale proceeds. Since the start of this year, people in their 30s used 1,259,243 million won in stock and bond sale proceeds to buy dwellings. The order was ▲40s (1,108,681 million won) ▲50s (802,212 million won) ▲60 and older (489,315 million won) ▲20s (65,935 million won) ▲under 20 (1,080 million won).
With the domestic stock market led by the KOSPI showing strength recently and profits growing, it appears investors sold and bought homes, which are viewed as a relatively safe asset. As tighter government loan regulations have made it harder to borrow from financial institutions to buy a home, such profit-taking through stock and bond sales is seen as an alternative.
Kim Jong-yang said, "The government must take seriously the situation of capital market funds moving into real estate and reexamine the overall stance of real estate policy."