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The Effect of Educational Policy on the Housing Market

  • Korea Real Estate Review
  • 2006, 16(1), pp.145-161
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

박원갑 1,  Kim， gab-Youl 2

1스피드뱅크
2강원대학교

Candidate

ABSTRACT

This study was intended to compare and analyse the effect of the educational policy issued in Jan 17, 2004 on the housing market in the Kangnam and Kangbuk districts of Seoul. The 2․17 Measure was to normalize public education and lower parents' burden of private educational expenses with a focus on the plan to improve the examination for college entrance to minimize the scores of the scholastic ability test and select new students on the basis of the records in the unofficial report since 2008 as well as EBS's broadcasting for the scholastic ability test. This study adopted as its place of investigation Daechi-dong Kangnam-gu and Sangkye-dong Nowon-gu. And it attempted to investigate the trends of the sales and rents of apartment housing in both districts, conducted the questionnaire research for real estate brokers and residents and make a comparative analysis of the effect of the measure on the housing market. The results of the analysis are that the educational policy can stabilize the rented apartment housing market in the Kangnam district. But it has some limitation in stabilizing the apartment housing transaction market, which indicates that the housing policy or interest-rate policy should be mobilized. The last chapter suggests the directions of improving those clauses at issue and suggests the author's opinions.

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