아파트 경매 낙찰가격 결정요인에 관한 연구 - 서울시 5개 권역 경매관할법원을 중심으로 -

Abstract

The purpose of this study was to classify the variables which influence the price of successful bid into four characteristics (auction, real estate, macroeconomy and real estate index) for Seoul, choose subordinates and determine meaningful variables. The purpose was also to divide Seoul into five districts (central, eastern, western, southern and northern) under the jurisdiction of district courts andempirically analyze the differences among the variables. For the purpose, the multiple regression analysis was conducted to select variables that could have a significant effect on dependent variables and an empirical research was conducted by multi-layer models such as the random-intercept regression and the slope-as-outcomes regression. Factors affecting dependent variables such as winning bid prices per unit area (㎡) showed that the prices increased as the height of apartments or the number of complexes climbed up. On the other hand, the prices decreased as tenants lived relatively in auctioned apartments,the number of failed bidding increased, apartments were older, transactions augmented or the distance from a subway station increased. However, the number of parking lots per household did not have a significant effect on the dependent variables. In addition, the random-intercept regression model analysis showed that the intercepts of the independent variables began respectively from the five districts of Seoul and the central and eastern district courts recorded higher winning bid prices per unit area (㎡) for the number of tenants and the complexes than other three courts. Since this study examined district courts and apartments in Seoul, upcoming studies are expected to expand the spatial scope and analyze the correlation with auctions in consideration of other real estates except apartments.