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자료유형
학술저널
저자정보
저널정보
한국부동산분석학회 부동산학연구 부동산학연구 제15권 제2호
발행연도
2009.1
수록면
149 - 165 (17page)

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Because during recent five years, housing price index and housing lease index indicate similar trend, this study starts on the assumption that a drop in housing price by lease on a deposit base is a basic cause of lower housing sale price. In 2007, Seoul Metropolitan Government introduced new public rental housing policy called SHift that works as rental deposit base. The purpose of this paper is to examine respectively the effect of SHift on neighborhood housing sale price in both two each specific area and aggregated area within Seoul. Hedonic price model estimating nearby housing sale price is utilized by using individual housing characteristics as well as social characteristics in order to figure out the effect of Shift policy. According to the result of the aggregated analysis, the effects of individual housing characteristics like unit size and stairs, elapsed year, and total area size were significant at 95% significance level. And the effects of social characteristics like the exist of SHift, the distance to SHift, total number of SHift were also significant at 95% significance level. The most important result of the study showed that the increase of SHift supply has a positive effect on lowering neighborhood housing price. Therefore public housing policy increasing SHift supply in Seoul metropolitan region is required in order to make SHift policy more effective.

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