@article{ART002506593},
author={Hong Jengei and Choi， Han Jae and Song， Min Jae and Hong， Si On},
title={A Comparison of the Long-Term Housing Demands by Region},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2019},
volume={29},
number={3},
pages={93-103},
doi={10.35136/krer.29.3.6}
TY - JOUR
AU - Hong Jengei
AU - Choi， Han Jae
AU - Song， Min Jae
AU - Hong， Si On
TI - A Comparison of the Long-Term Housing Demands by Region
JO - Korea Real Estate Review
PY - 2019
VL - 29
IS - 3
PB - korea real estate research institute
SP - 93
EP - 103
SN - 2092-5395
AB - This study estimates the long-term changes in the regional housing demands caused by the changes in the population structure, and compared the estimation results. Based on the household finance and welfare survey and the population projection of Statistics Korea, the modified M-W model is examined. The results show an increase in housing demand with an increase in age. The long-term housing demand forecast shows that the housing demand l continues to increase by 2045. It is expected that the housing demand increases steadily in the meantime due to the high growth rate of the housing demand in the Sejong, Jeju, and Chungcheong provinces. The growth rate of the housing demand in Seoul, Busan, Daegu, Ulsan, and Gwangju, however, slows down faster than in the other regions, leading to a decline in housing demand. The study shows that the differences in population structure changes by region are significant.
KW - population structure;Mankiew-Weil model;housing demand;housing market;housing price
DO - 10.35136/krer.29.3.6
ER -
Hong Jengei, Choi， Han Jae, Song， Min Jae and Hong， Si On. (2019). A Comparison of the Long-Term Housing Demands by Region. Korea Real Estate Review, 29(3), 93-103.
Hong Jengei, Choi， Han Jae, Song， Min Jae and Hong， Si On. 2019, "A Comparison of the Long-Term Housing Demands by Region", Korea Real Estate Review, vol.29, no.3 pp.93-103. Available from: doi:10.35136/krer.29.3.6
Hong Jengei, Choi， Han Jae, Song， Min Jae, Hong， Si On "A Comparison of the Long-Term Housing Demands by Region" Korea Real Estate Review 29.3 pp.93-103 (2019) : 93.
Hong Jengei, Choi， Han Jae, Song， Min Jae, Hong， Si On. A Comparison of the Long-Term Housing Demands by Region. 2019; 29(3), 93-103. Available from: doi:10.35136/krer.29.3.6
Hong Jengei, Choi， Han Jae, Song， Min Jae and Hong， Si On. "A Comparison of the Long-Term Housing Demands by Region" Korea Real Estate Review 29, no.3 (2019) : 93-103.doi: 10.35136/krer.29.3.6
Hong Jengei; Choi， Han Jae; Song， Min Jae; Hong， Si On. A Comparison of the Long-Term Housing Demands by Region. Korea Real Estate Review, 29(3), 93-103. doi: 10.35136/krer.29.3.6
Hong Jengei; Choi， Han Jae; Song， Min Jae; Hong， Si On. A Comparison of the Long-Term Housing Demands by Region. Korea Real Estate Review. 2019; 29(3) 93-103. doi: 10.35136/krer.29.3.6
Hong Jengei, Choi， Han Jae, Song， Min Jae, Hong， Si On. A Comparison of the Long-Term Housing Demands by Region. 2019; 29(3), 93-103. Available from: doi:10.35136/krer.29.3.6
Hong Jengei, Choi， Han Jae, Song， Min Jae and Hong， Si On. "A Comparison of the Long-Term Housing Demands by Region" Korea Real Estate Review 29, no.3 (2019) : 93-103.doi: 10.35136/krer.29.3.6
