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Analysis of Correlation between Price of Commercial Estate and Differential Rates of Each Floor's Rental Price;Mainly on 5 low commercial clusters in Seoul

  • Korea Real Estate Review
  • 2005, 15(1), pp.9-24
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

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1정민감정평가사사무소

ABSTRACT

correlation analysis, scatter diagram This proceeding is intended to prove the correlation between price of commercial estate and differential rates of each floor's rental price: When land price rises differential rates of rental price occur between first floor and second and third floor of building. Analysis method was based on sample of "Investigation of rent and estimation of rate of return on investment" conducted by Korea Association of Property Appraisers. Simple method was used to compare the average of differential rates of each floor's rental price by selecting the samples, forming the samples and distributing the sample by the price. Next time, Pearson correlation analysis method was used. As a result, research hypothesis was proven for the first time in Korea.

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