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A Study on Relation between Price of Estate for Store and First Floor's Rental Price ; Mainly on 13 Low Commercial Clusters in Seoul

  • Korea Real Estate Review
  • 2006, 16(1), pp.57-73
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

박용수 1

1강원대학교

Candidate

ABSTRACT

This study makes an analysis of the relation between price of estate for store and first floor's rental price of 13 low commercial clusters in Seoul. It studied the correlation and causal relationship between the price of estate and rental price per ㎡ by using the method of correlation analysis and simple linear regression. According to the results of this analysis of the whole low commercial clusters, the correlation coefficient(0.848) and R-square(0.720) are very high in the 0.01 significant level. This results present that yield capitalization method is reasonable and rational method in the appraisal of estate for store. Since the classified commercial cluster's coefficient varied, using yield capitalization method in appraisal for commercial clusters should be subdivided and rate of return have to be examined. embodies a grand scale land development project and provides brief overview of the system.

Citation status

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