In South Korea, cryptocurrency investors are beginning to convert their assets into cash to purchase real estate, with this trend being most prevalent among investors in their 30s.
According to data released by South Korea’s Ministry of Land, Infrastructure and Transport on May 10, a total of 324 homebuyers declared using proceeds from cryptocurrency sales in their home finance plans between February 10 and March 31. Of these investors, 229 were aged 30-39, representing approximately 70.7% of the total.
It was also reported that the same age group ranked first in terms of cryptocurrency sales revenue used in home purchases. The total amount of crypto-derived funds used by investors in their 30s for real estate purchases reached approximately 10.31 billion won (approximately $7.4 million).
Data shows that earnings from the crypto market are beginning to flow into the real estate sector after South Korea started reporting virtual asset sales revenue as a separate category in its housing finance plans this year.
However, it was added that crypto-sourced funds currently account for only about 0.1% of total home purchase financing, and the overall scale remains limited for now.
*This is not investment advice.
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