An Economic Analysis of the Determinants of Studio Apartment Prices in Seoul
2
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
Purpose- There has been little research on the variables influencing studio apartment values. This study aims to identifyvariables affecting the value of studio apartments in Seoul byempirically examining the interaction between sale prices andcharacteristics studio apartment characteristics. Research design, data, and methodology- We have analyzeddata pertaining to 142 studio apartments in September 2010. Aregression analysis model is constructed to test the significanceof the variables in relation to the studio apartment sale pricesper m2 in Seoul. Results- The age of the building is comparatively more significant than land use as the explanatory variable. Land price isthe key variable affecting studio apartment sale prices and investors are willing to pay high implicit sale prices for locationsthat are associated with high land prices. Conclusions- The age of buildings explains a significant portion of the variability of the sale prices of studio apartment. Higher land prices result in higher sale prices for studioapartments. The older the buildings, the lower the sale prices ofthe studio apartments.
Abstract
Purpose- There has been little research on the variables influencing studio apartment values. This study aims to identifyvariables affecting the value of studio apartments in Seoul byempirically examining the interaction between sale prices andcharacteristics studio apartment characteristics. Research design, data, and methodology- We have analyzeddata pertaining to 142 studio apartments in September 2010. Aregression analysis model is constructed to test the significanceof the variables in relation to the studio apartment sale pricesper m2 in Seoul. Results- The age of the building is comparatively more significant than land use as the explanatory variable. Land price isthe key variable affecting studio apartment sale prices and investors are willing to pay high implicit sale prices for locationsthat are associated with high land prices. Conclusions- The age of buildings explains a significant portion of the variability of the sale prices of studio apartment. Higher land prices result in higher sale prices for studioapartments. The older the buildings, the lower the sale prices ofthe studio apartments.
참고문헌 (13)
- Anderson, P. M., "Association of Shopping Centers with Performance of a Non-anchor Specialty Chain’s Stores", Journal of Retailing, 61(2), pp.61~74 (1985)
- Ball, M., "The Economics of Commercial Trade area Markets" (1998), Routledge
- Benjamin, J., "Retail leasing : the determinants of shopping center rents", AREUEA Journal, 18, pp.302312~ (1990)
- Benjamin, J., "A simultaneous model and empirical test of the demand and supply of retail space", Journal of Real Estate Research, 16, pp.114~ (1998)
- Carter, C. C., "Measuring the Benefits of Anchors to the Shopping Center", Real Estate Review, 25(1), pp.52~55 (1995)
- Champion, A., "A changing demographic regime and evolving polycentric urban regions : consequences for the size, composition and distribution of city populations", Urban Studies, 38(4), pp.657~677 (2001)
- Eaton, B. C., "An Economic Theory of Central Places", The Economic Journal, 92(365), pp.56~72 (1982)
- Kim, Geun-Yong, "House prices set model for forecasting and test, Korea Research Institute for Human Settlements", planning and policy, 197, pp.54~61 (1998)
- 김재경, "VAR모형을 이용한 주가, 금리, 물가, 주택가격의 관계에 대한 실증연구", 유통과학연구, 11(10), pp.63~72 (2013), 한국유통과학회[DOI]
- 박영근, "주거환경이 주거가치, 주거만족, 재구매의도에 미치는 영향에 관한 연구", 유통과학연구, 5(1), pp.89~105 (2007), 한국유통과학회
- 노상윤, "가계 재무건전성이 주택투자수요에 미치는 영향에 관한 연구", 유통과학연구, 12(4), pp.31~39 (2014), 한국유통과학회[DOI]
- 우경, "수도권지역 주택가격 결정요인에 관한 연구", 한국지역개발학회지, 14(3), pp.1~22 (2002), 한국지역개발학회
- Yun, Ju-Hyeon, "Empirical Analysis of Tenure Choice and Housing Demand in Korea", The Korea Spatial Planning Review, 29, pp.51~65 (2000)