전세거래 줄자 가계대출 증가세 둔화…개인 '빚투' 증가 폭도 줄어

Korea's household loan growth slowed down in July, partly due to a decline in property transactions. According to the Korea Bank's July 14th report on financial market trends, the total amount of household loans reached 1,194.8 trillion won by the end of July, up by 5.4 trillion won from the previous month. The growth rate of house loan loans shrank compared to May (4.3 trillion won) and June (7.6 trillion won).

The Korea Bank attributed this to continued growth in April-June housing transaction volumes, but a slowdown in property sales and reduced demand for down payment installments on properties. The rate of decrease in housing loan loans continued from September last year. The drop in individual stock investments also contributed to a growth rate reduction in other types of loans, which shrank by 2 trillion won compared to May (3.3 trillion won) and June (7.6 trillion won).

The overall growth of household loans decreased to 6 trillion won in July, from 8.3 trillion won in June. The house loan loan growth rate also declined to 3.5 trillion won from 4.5 trillion won in June. Other types of loans, including real estate construction loan, commercial real estate loan, and personal investment loan, also decreased by 3.8 trillion won and 2.7 trillion won, respectively, in July compared to the same period in June.