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@article{ART001507488},
author={강창덕},
title={GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2010},
volume={20},
number={2},
pages={107-132}

TY - JOUR
AU - 강창덕
TI - GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment
JO - Korea Real Estate Review
PY - 2010
VL - 20
IS - 2
PB - korea real estate research institute
SP - 107
EP - 132
SN - 2092-5395
AB - This study aims to suggest how to apply Geographically Weighted Regression to real estate appraisal through empirical research for Seoul apartment market. Five key conclusions can be drawn based on the GWR modeling. First, this study confirms that housing market in Seoul might contain diverse types of submarkets in terms of housing attributes, transportation and location, amenity, education attributes, and socioeconomic characteristics. These findings would be considered in housing appraisal. Second, the GWR model found the spatial variation of each characteristics of Seoul apartment. The result would complement the caveat of hedonic price models. Third, real estate appraisers would consider the weight on each attributes of housing from spatially-varied relation between housing price and characteristics. Fourth, the local R-Square value from GWR models reveals whether aspatial or non quantitative variables determine housing price. Finally, the GWR modeling using apartment market price and statistical inference technique would apply to local housing price index.
KW - real estate appraisal;apartment;GWR;Seoul
DO -
UR -
ER -

강창덕. (2010). GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment. Korea Real Estate Review, 20(2), 107-132.

강창덕. 2010, "GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment", Korea Real Estate Review, vol.20, no.2 pp.107-132.

강창덕 "GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment" Korea Real Estate Review 20.2 pp.107-132 (2010) : 107.

강창덕. GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment. 2010; 20(2), 107-132.

강창덕. "GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment" Korea Real Estate Review 20, no.2 (2010) : 107-132.

강창덕. GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment. Korea Real Estate Review, 20(2), 107-132.

강창덕. GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment. Korea Real Estate Review. 2010; 20(2) 107-132.

강창덕. GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment. 2010; 20(2), 107-132.

강창덕. "GWR Approach for Real Estate Appraisal: The Case of Seoul Apartment" Korea Real Estate Review 20, no.2 (2010) : 107-132.