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An Study on the Cause of Abandoned Vacant Houses

  • Korea Real Estate Review
  • 2016, 26(2), pp.7-21
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
  • Published : June 30, 2016

노민지 1 Seon-Jong Yoo 2

1건국대학교 부동산학과
2건국대학교

Accredited

ABSTRACT

Housing abandonment contributes to neighborhood decline. It is a significant problem, especially in places facing population loss. However, government have no solution to the vacant houses problems. Also, there have been little researches on this topic. The purpose of this study is to analyze the impact of socioeconomic characteristics and housing market conditions on abandoned vacant houses. We used multiple regression to identify significant relationships between abandoned vacant houses (‘other vacant’ as a proxy for abandonment) and socioeconomic characteristics, and housing market conditions factors. The findings from this analysis suggest that the percent of abandoned vacant houses increases with higher percentages of aged houses and the supply of new houses. They also suggest that the percent of abandoned vacant houses decreases with a number of households and higher percentages of employees. We conclude that these cities should struggle with vacant houses by managing existing house and monitoring house supply.

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