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A Study on the Land and Building Component Ratios in Separate Appraisal of Single-Family Housing

  • Korea Real Estate Review
  • 2009, 19(1), pp.151-172
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Ju Yong Beom 1 Sung Won Lee 1

1(재)한국부동산연구원

Accredited

ABSTRACT

The land and building component ratios(LBCR’s) are defined as the ratios of land and building prices to the whole price of real estate in appraisal. These ratios eventually help to understand the dynamic relations between those prices of land and building in the same real estate. Thus far, existing studies on LBCR have focused only on residential and non-residential collective buildings leaving out the single-family housing. This is perhaps due to the lack of comparable price data on building and land components, separately for the same single-family housing. In this study, we attempt to provide a rational and objective LBCR’s for single-family housing with real appraisal data. By using statistical techniques, we calculate a new standard LBCR tables.

Citation status

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