본문 바로가기
  • Home

A Study on Creating Hot Spring Characteristics Index

  • Korea Real Estate Review
  • 2010, 20(1), pp.29-46
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

신우진 1 문소연 1

1한국부동산연구원

Accredited

ABSTRACT

Five-day-work-week and continuous aging of population have led people to participate in leisure activities. Even though a large number of tourist attractions including hot springs have been developed, the appraisal of hot spring sites have rarely studied. This makes appraisers hard to assess hot spring sites. In this research, regional factors and individual factors were selected based on relating literatures. A hedonic price model was developed using 170 hot spring parcels in Korea. Results showed that four regional factors(temperature, yield of hot spring, the distance from the nearest waterside, the distance from the nearest golf course) and two individual factors(lot size, slope) were statistically significant at 5% significance level. In addition, study results suggested a useful outcome for appraisers, 'the hot spring characteristics index', which was computed based on the yield of hot spring and temperature.

Citation status

* References for papers published after 2023 are currently being built.