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Feasible Government Policy Directions to Ease the Accumulation of Unsold Housings

  • Korea Real Estate Review
  • 2010, 20(1), pp.263-280
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

박재룡 1 Jung-Suk Yu 2

1삼성경제연구소
2단국대학교

Accredited

ABSTRACT

The purpose of this study is to suggest desirable policy directions to ease the accumulation of unsold housings despite tax cuts, deregulations and various incentives for the real estate market. To achieve this goal, we estimate the demand function of unsold housings and analyze the relationship between unsold housings and housing market. Then, we suggest feasible housing policies to reduce a large inventory of unsold newly-built apartments and to prevent housing inventory from having a negative impact on the real estate market as it slows down the supply of newly-built homes and causes bankruptcies among construction firms.

Citation status

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