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A Study on Land Price Stabilization by Land Price System

  • Korea Real Estate Review
  • 2005, 15(2), pp.9-30
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Lee, Sun Young 1

1영산대학교

ABSTRACT

There are some enforcing systems, to prevent real estate speculation and stabilize land prices, such as a permit of the land trade, taxation on the actual trade prices, and a seal on the bill of the real estate sale. But those systems are indirect actions against unreasonable land prices and haven't been yet efficient in stabilizing the prices. It may be more effective against unreasonable trade prices to manage skillfully 3 major systems of land prices; the report of actual trade prices, the publicly announced prices, and the appraised prices. These are direct and long term plans for stabilizing land prices. We, to achieve the purpose, have to understand concepts of the 3 major systems of land prices exactly, establish settled interrelation between actual, publicly announced, and appraised prices, and get trust from the people.

Citation status

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