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@article{ART001884485},
author={Park， Heonsoo and 김민정},
title={A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2014},
volume={24},
number={2},
pages={23-32}

TY - JOUR
AU - Park， Heonsoo
AU - 김민정
TI - A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea
JO - Korea Real Estate Review
PY - 2014
VL - 24
IS - 2
PB - korea real estate research institute
SP - 23
EP - 32
SN - 2092-5395
AB - We analysed the impact of demographic changes, such as the sharp increase of aged population and the sooner retirement of baby boomers to housing market, by using panel data of Seoul and six metropolitan cities in Korea from 2003 to 2012. We used several variables related demographic, socio-economic, and housing supply changes we found that some of the demographic and socioeconomic variables are statistically significant effects on the housing price changes, but all of the housing supply variables are not statistically significant. One important result is that the 1% increase of old dependency rate is associated with a decline of 0.12% in house prices. Anticipating the consequences of an aging baby boom generation should prepare planners to manage the supply of new construction to meet future housing needs and help the ageing baby boomers to stay in the cities.
KW - ageing;baby boomers;housing prices;panel data analysis
DO -
UR -
ER -

Park， Heonsoo and 김민정. (2014). A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea. Korea Real Estate Review, 24(2), 23-32.

Park， Heonsoo and 김민정. 2014, "A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea", Korea Real Estate Review, vol.24, no.2 pp.23-32.

Park， Heonsoo, 김민정 "A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea" Korea Real Estate Review 24.2 pp.23-32 (2014) : 23.

Park， Heonsoo, 김민정. A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea. 2014; 24(2), 23-32.

Park， Heonsoo and 김민정. "A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea" Korea Real Estate Review 24, no.2 (2014) : 23-32.

Park， Heonsoo; 김민정. A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea. Korea Real Estate Review, 24(2), 23-32.

Park， Heonsoo; 김민정. A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea. Korea Real Estate Review. 2014; 24(2) 23-32.

Park， Heonsoo, 김민정. A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea. 2014; 24(2), 23-32.

Park， Heonsoo and 김민정. "A Study on the Impact of the Demographic Changes to Housing Prices: Focusing on Seoul and Six Metropolitan Cities in Korea" Korea Real Estate Review 24, no.2 (2014) : 23-32.