DOI QR코드

DOI QR Code

An Analysis of the Factors Influencing Sales Price of Multi-Household Houses in Chang-won City

창원시 다가구주택의 매매가격에 영향을 미치는 요인 분석

  • Oh, Sae-Joon (Department of Real Estate and Finance, Changshin University)
  • 오세준 (창신대학교 부동산금융학과)
  • Received : 2018.09.18
  • Accepted : 2019.03.20
  • Published : 2019.03.28

Abstract

The public's interest regarding multi-household houses, one of the small-scale housings used as profit earning property, has been increasing. Previous studies regarding price, such as the rent and sales price of multi-household houses', however, were difficult to find. Thus, this study set forth to find out what characteristics influence the sales price of multi-household houses so as to provide further suggestions to investors' decision makings and developers' strategy establishments. The data was retrieved from multi-household sales transacted in Changwon City. Through empirical analysis, this paper found that prices were high in Euichang-gu and Seongsan-gu, and meaningful variables in terms of locations were distance from major trade areas(-), distance from main streets(-), and Corner site(+). Meaningful variables related to household characteristics were total floor area(+), Studio type(+), Southern exposure(+), Building age(-), and Full-furnished(+).

다가구주택은 수익형부동산으로 활용되고 있는 주택의 유형들 중 상대적으로 적은 금액으로 투자가 가능하고 소유주가 직접 거주하며 임대수익을 누릴 수 있다. 본 연구에서는 아파트에 비해 상대적으로 연구가 미진했던 주택 유형 중 하나인 다가구주택의 매매가격에 영향을 미치는 요인에 대한 분석을 통하여 다가구주택의 실수요자와 투자자의 매수 의사결정 및 디벨로퍼의 개발전략 수립 시 시사점을 제공하고자 하였다. 실증분석을 위해 경상남도 창원시에서 2016년에서 2018년 사이에 거래된 다가구주택 매매사례 299개를 구득하여 헤도닉 가격모형을 활용하여 분석하였다. 종속변수는 다가구주택의 연면 적당 매매가격으로 선정하였으며, 독립변수는 지역특성, 입지특성, 주택특성 및 시기더미로 구분하여 설정하였다. 실증분석 결과 지역적으로는 의창구과 성산구 지역의 가격이 높았고, 입지특성에서 유의한 변수로는 '주요상권과의 거리(-)', '대로 및 광로와의 거리(-)', '도로 2면 접면 여부(+)'인 것으로 나타났다. 주택특성의 변수들 중에서는 '연면적(+)', '원룸형 여부(+)', '남향여부(+)', '경과연수(-)', '옵션제공여부(+)'가 매매가격에 유의한 영향을 미치는 것으로 나타났다.

Keywords

Table 2. Housing Distribution Rate of Changwon City

OHHGBW_2019_v10n3_193_t0001.png 이미지

Table 3. Distribution of the Sample

OHHGBW_2019_v10n3_193_t0002.png 이미지

Table 4. Description of Variables

OHHGBW_2019_v10n3_193_t0003.png 이미지

Table 5. Descriptive Statistics

OHHGBW_2019_v10n3_193_t0004.png 이미지

Table 6. Estimated OLS Results

OHHGBW_2019_v10n3_193_t0005.png 이미지

References

  1. H. T. Choo, S. H. Jeong & K. T. Lee. (2014). Feasibility analysis of a studio-type apartment investment - Focused on Daegu region. Korea Real Estate Academy Review, 59, 164-172.
  2. J. E. Chae, P. Y. Park & B. S. Byun. (2014). An analysis of spatial concentrated areas of single person households and concentrating factors in Seoul, Korea. Seoul Studies, 15(2), 1-16.
  3. H. G. Jo & B. S. Byun. (2017). Analysis of decision making factors of multifamily housing purchasers by ANOVA. The Geographical Journal of Korea, 51(1), 69-80.
  4. S. S. Chung & S. S. Jeong. (2014). A study on apartment prices and regional causality following an administrative integration research objective - Focused on the apartment of former Changwon, Masan, Jinhae City. Korea Real Estate Academy Review, Vol. 58, 276-290.
  5. C. M. Lee, J. H. Lee & S. E. Lim. (2007). The non-apartment rental housing market analysis. Journal of the Korea Real Estate Analysts Association, 13(1), 25-47.
  6. H. S. Kim & D. H. Koo. (2014). The spatial distribution of housing types in Busan, Korea. The Geographical Journal of Korea, 48(3), 315-324.
  7. K. K. Lee & C. W. Park. (2004). A study on housing preferences of a resident at small and medium 5 local cities in Kyungnam. Journal of the Korean Urban Management Association 17(2), 27-45.
  8. S. B. Kim & S. H. Min (2017). The influence of building efficiency upon the heating expense and housing price. Appraisal Studies, 16(2), 55-77.
  9. H. G. Kang, & M. H. Kim. (2010). Priority of residential choice and housing satisfaction among studio-type multi-family housing dwellers in the city of Gwangju. Journal of the Korean Housing Association, 21(3), 11-21. https://doi.org/10.6107/JKHA.2010.21.3.011
  10. J. W. Jo & C. G. Choi. (2011). A study on the tenant's preference of the multi-family house and officetel in Seoul. Journal of the Korea Real Estate Analysis Association, 17(2), 5-23.
  11. J. W. Lee & G. S. Jun. (2013). A study on preference characteristics of urban housing - Focused on Nowon-gu and Dobong-gu in Seoul. Korea Real Estate Academy Review, 54, 45-59.
  12. H. W. Jung & T. W. Park. (2017). A study on detached housing price decision factors: The case of Ilsandong-gu Goyang-si. Appraisal Studies, 16(1), 21-43. https://doi.org/10.23843/as.16.1.2
  13. N. H. Kim & S. J. Oh. (2017). Sales price determinants of multiplex housing in Seoul. Review of Real Estate and Urban Studies, 10(1), 171-186.
  14. K. T. Lee, H. J. Ha & S. J. Song. (2017). A study on determinants of single-detached housing price- Focused on the sales price in Guro-gu, Seoul. Review of Real Estate and Urban Studies, 9(2), 111-134.
  15. S. Rosen. (1974). Hedonic prices and implicit markets : Product differentiation in pure competition. Journal of Political Economy, 82(1), 34-55. https://doi.org/10.1086/260169
  16. Y. M. Lee. (2008). A review of hedonic price model. Journal of the Korea Real Estate Analysis Association, 14(1), 81-87.
  17. B. H. Yoon, H. E. Park & M. K. Kim. (2017). Analysis of full-option furniture design for better development of furniture for one-room type multi-family housing around Campus. Journal of Human Ecology, 21(2), 143-153.
  18. J. H. Lee & H. K. Kim. (2016). A study on space and furniture preference in one-room type residence considering personality type. Journal of the Korea Furniture Society, 27(3), 226-236.