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Effect of Structural and Locational Characteristics of Mixed-Use Apartment Complex on Housing Trading Volume

  • Korea Real Estate Review
  • 2013, 23(3), pp.35-49
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

문정우 1 Lee, Sang Kyeong 2

1가천대학교 도시계획학과
2가천대학교

Accredited

ABSTRACT

The purpose of this paper is to analyse the effect of structural and locational characteristics of mixed-use apartment complex on housing trading volume. We use the Poisson regression model and the negative binomial regression model for the trading volume in Seoul from 2006 to 2010. It is turned out that the number of residential units and the height of building that are related with the size of complex have positive effect on the hosing trading volume. The ratio of unit under 85㎡, construction company that represents brand image, and the approval year that is related with building age have positive effect, too. For heating variables, the effect of regional heating and central heating are smaller than individual heating. For regional variables, effect of central region and northwest are smaller than southeastern. As a result of measuring price index and trading volume index, price index is turned out to continuously increase not like trading volume index that had great fluctuation reacting sensitively to market situation.

Citation status

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