• 주택과사람들
• /
• 통권205호
• /
• pp.32-35
• /
• 2007

민간사업자가 시행하는 개발사업에 PFV(Project Finance Vehicle)방식이 도입되고 있다. 종전 개발사업은 시공사가 지급보증을 서고 재무 투자자가 PF를 맡는 단순구조였지만, PFV의 장점이 부각되면서 민간이 추진하는 도시개발사업에도 이같은 방식이 도입되고 있다.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권12호
• /
• pp.869-875
• /
• 2020

As a basic element for sustainable development, the residential housing industry is vital and fundamental for every country in the world. Therefore, this study examines the impacts of financial considerations on house purchase decisions by housing investors in Auckland, New Zealand. 110 completed questionnaires were statistically analyzed. For testing the proposed hypotheses, Structural Equation Modelling (SEM) was used. The results show that house prices, income, and credit accessibility significantly influence housing investors' purchase decisions in a positive direction. It appears that more expensive houses offer more promising returns such that housing investors having higher levels of income and access to loans are brave enough to invest in such houses. This study aims to present the key factors influencing house purchase decisions from the viewpoint of housing investors as fundamental groups of stakeholders in the property market, which is rarely examined in previous studies. The implication of this study is to provide guidelines for housing regulators in New Zealand to develop affordable housing prices through the availability of land banks. This study also offers practical contributions to housing investors, particularly by providing key guidelines to make effective investment decisions.

• 부동산연구
• /
• 제28권1호
• /
• pp.65-77
• /
• 2018

이 연구는 금융시장 빅데이터인 개인신용정보와 주택시장 빅데이터인 주택실거래데이터를 연계하여 LTV 뿐만 아니라 CoLTV 지표를 추정하여 임대차주의 상환위험을 분석하였다. 분석결과, LTV로만 상환위험을 파악하는 경우, 전세임대차주보다 월세임대차주의 상환위험이 더 컸으나, CoLTV를 이용하면 전세임대차주의 상환위험이 더 크게 나타났다. 이를 통해서 주택담보대출이 있는 전세의 임대차주의 상환위험이 높아, 임차인의 보증금에 손실이 발생할 가능성이 있으며 이를 위해 CoLTV지표를 통한 위험관리, 전세금반환보증과 같은 보증제도를 활성화할 필요가 있음을 밝혔다. 또한 임대계약의 특성과 차주의 개인 특성에 따라 임대차주의 상환위험에 미치는 영향이 다르게 나타남에 따라 임대차주의 개별적 특성을 충분히 고려해야 위험을 관리해야 함을 밝혔다. 이 연구는 개념적으로 논의되던 CoLTV를 금융빅데이터인 개인신용정보와 주택빅데이터인 주택실거래 정보를 결합하여 산출하였으며, 이를 통하여 임대차주들의 계약 및 개인적 특성별로 상환위험을 분석하고 시사점을 제시했다는 점에서 의의가 있다.

• 한국주거학회논문집
• /
• 제26권2호
• /
• pp.89-101
• /
• 2015

The purpose of this study is to explore the housing pathways of middle-class married women toward owning a first home. In doing so, an in-depth interview as a qualitative method was conducted, life history was utilized to track down the path to first-home owning, and all the interviews were transcribed for analysis. The research participants were well-educated middle-class full-time housewives owning a home. The findings indicated that family formation through marriage and child birth was a primary driving force to buy a home. It was shown that owning a home was perceived not just as a stepping stone for building both family wealth and social capital but as one of the most important pillars to reinforcing traditional family values. In spite of some intergenerational distinctions on the path toward home owning, commonalities across generations included that home owning was considered to be a social icon for middle-class, it became almost impossible for younger generations without parental support which stimulated the intergenerational transfer of wealth, and it was greatly determined by both family income (affordability) and home finance options(borrowing capacity). This research implies that the changing social landscape transforms the value on homeownership and could undermine the socioeconomic strengths of home owning. Nonetheless, it's of importance to strategically assist first homebuyers who are likely to be a member of middle-class.

• 한국주거학회논문집
• /
• 제16권3호
• /
• pp.17-26
• /
• 2005

The purpose of this study is to provide the improvement plans and the future development guidelines to improve the apartment housing remodeling. To achieve this goal, case studies and personnel interviews were conducted. Case Studies were performed on 3 apartment houses which had a remodeling association and personnel interviews were performed on the union presidents of the apartment houses. As a result of this study on the practice of apartment housing remodeling, the problems are as follows; 1) a lack of establishing the specific standards and the operation procedures in terms of the laws and regulations 2) a lack of the residents' right awareness in terms of the maintenance & administration 3) a lack of the funds raising in the case of remodeling in the small. middle size in terms of the finance. According to above results, to improve the apartment housing remodeling, it is showed to be necessary to establish the specific standards and procedures in the laws, regulations and policies, which will be accomplished by real remodeling cases.

• The Journal of Asian Finance, Economics and Business
• /
• 제5권2호
• /
• pp.43-51
• /
• 2018

We study the impact of economic policy uncertainty (EPU) of Asian four countries such as Korea, Japan, Hong Kong, and China on housing market returns in Korea. Also, we document the relationship between the EPU index of those four countries and the housing market including macroeconomic indicators in Korea. The EPU index of those four countries has significantly a negative effect on the housing purchase price index, housing lease price index in Korea. The EPU index in Korea and Japan has significantly a negative effect on the CPI. The EPU index in only Japan has significantly a negative effect on the PPI. The EPU index in Hong Kong and Korea has significantly a negative effect but the EPU index in China significantly has a positive effect on the stock price index in construction industry. The EPU index in only Korea has significantly a negative effect the stock price index in banking industry. This study shows the EPU index of the Korea has the negative relationships on the housing market economy rather than other countries by VECM. And this study has an important evidence of the spillover of several macroeconomic indicators in Korea for the EPU index of the Asian four countries.

• 한국주거학회논문집
• /
• 제17권2호
• /
• pp.77-85
• /
• 2006

This study aims to propose the comprehensive evaluation of performance multi-family housing. Most of the existing studies for the reproduction have evaluated by the safety of structure. Therefore those pass over the functional factors which is important for the evaluation of residential qualities. This study represents that the reproduction renovation should not be secured the safety of structure but established the quality of lift. And questionnaire asking expert's opinion also supplemented. As a result, the item for examination and the weight for evaluation are suggested in functional deterioration. The results of this study are summarized as follows: 1. Existent redevelopment criteria are not appropriate to decide the environmental comfort, the vital function of housing and the residential management finance. 2. The future criteria have to evaluate the existing environmental comfort, be reconstructed to put first general deterioration. 3. Evaluation elements was extracted throughout the document research, evaluation elements analysis system was separated in residential area, suburb of dwellings, community, and housing complexity environmental assesment, 4. Each category of influence ratio was extracted to assess total deterioration throughout the expert question survey. 5. Each category analysed (1) $0{\sim}30%$: function is good (unnecessary to improve) (2) $31{\sim}40%$: average (necessary of partial improvement) (3) $41{\sim}59%$: bad (necessary of total improvement) (4) $60{\sim}100%$: the worst (unable to improve throughout the repair)

• 한국건설관리학회논문집
• /
• 제15권5호
• /
• pp.147-159
• /
• 2014

2008년 글로벌 금융위기 이후 국내의 주택시장은 침체기를 겪고 있으며 이에 따라 주택가격의 하락, 임대주택가격의 상승등과 같은 주택시장의 문제점이 발생하였다. 주택시장의 정상화를 위해 정부에서는 다양한 주택정책을 발표하였으나 주택시장은 아직 회복세를 보이지 않고 있다. 따라서 본 연구는 주택시장의 침체 원인 분석하기 위해 주택 시장의 주요 참여자인 주택공급자와 주택 수요자를 기존의 수요 공급 원리에 의해서 분석하며 이들의 거래의사에 영향을 미치는 심리적 요인을 행동경제학 이론을 바탕으로 분석한다. 이의 분석 결과를 바탕으로 시스템다이내믹스 시뮬레이션 방법론을 사용하여 발표된 정책의 실효성을 검증한 결과 정책의 입안 기간에 따라 주택 거래량과 주택담보대출 총액이 영향을 받는 것으로 나타났다.

• 지역연구
• /
• 제34권1호
• /
• pp.49-60
• /
• 2018

본 연구의 목적은 청년 1인 가구 증가와 함께 나타나는 주거 문제의 원인을 분석하는 것이다. 본 연구에서는 생애 주기 가설을 기반으로 주택 수요 함수를 추정하였다. 추정 결과, 청년 1인 가구의 주택 수요와 항상소득 잔차로 인한 주택 수요가 다른 집단에 비해 유의미하게 낮게 나타났다. 이는 청년 1인 가구의 주택 소비에 항상소득이 충분히 실현되지 못하고 있으며, 이를 뒷받침할 금융 시장의 역할이 미비함을 의미한다. 본 연구에서는 항상소득 실현의 어려움과 주택 금융 부족을 청년 1인 가구 주택 수요 불균형 현상의 원인으로 분석하였다. 따라서 청년 1인 가구의 주택 문제를 해결하기 위해 항상소득과 현재 주택 수요의 균형을 유도하는 정책이 도입되어야 한다.

• The Journal of Asian Finance, Economics and Business
• /
• 제6권1호
• /
• pp.121-128
• /
• 2019

This study analyses the relationship between the real estate market and economic growth in Vietnam, a country with a fledgling real estate market. Research data included economic growth rate and growth rate of the real estate market in Vietnam. The research used quarterly data for the period from 2005: Q1 to 2018: Q1. With the characteristics of Vietnam, there has been no real estate index up to now; therefore, the research used data on growth rates of the real estate market. In addition, the real estate market in Vietnam is still young, so the data series is very short, which is a limitation of this research. With qualitative and quantitative methods especially with the Vector Auto Regressive (VAR) model; the results of the study indicate new findings, unlike previous studies, including: (1) The real estate market positively impacts Vietnam's economic growth, most noticeably in the second quarter lag and the fourth quarter lag, and then its trend impacts inversely; (2) The real estate market and economic growth in Vietnam have fluctuated over time with many risks that are affected by the past shocks of these factors. From these findings, we proposed some managerial implications for managing the real estate market with economic growth in Vietnam sustainably.