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@article{ART002824244},
author={Hong, Sung Jun and Chang-Moo Lee},
title={The Influence of Shared Accommodation on Housing Rent},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2022},
volume={32},
number={1},
pages={55-71},
doi={10.35136/krer.32.1.4}

TY - JOUR
AU - Hong, Sung Jun
AU - Chang-Moo Lee
TI - The Influence of Shared Accommodation on Housing Rent
JO - Korea Real Estate Review
PY - 2022
VL - 32
IS - 1
PB - korea real estate research institute
SP - 55
EP - 71
SN - 2092-5395
AB - Airbnb, a leader in shared accommodation, made an initial public offering in the NASDAQ market in December 2020 and recorded a market capitalization of USD 113 billion, surpassing that of the global no. 1, the Marriott hotel chain. Airbnb is growing rapidly; thus, overseas researchers actively conduct studies analyzing the relationship between Airbnb and housing rent. Many studies have shown that shared accommodation impacts the increase in the rent of the houses in the vicinity. This result compels major cities to implement regulatory policies to control its side effects. However, a few studies have been conducted on the relationship between Airbnb and housing rent in the context of Korea. Using 6,485 Airbnb data from January 2013 to December 2019, this study conducted an empirical analysis of the connection between the number of Airbnbs and monthly rent of apartments in Gangnam-gu, Seoul. Contrary to previous findings, this study found that Airbnb growth could have a negative effect on the monthly rent of local apartments while partly increasing consequences such as noise and parking, garbage, and security issues. This study suggests that Airbnb could cause a negative impact on the quality of living and economic growth.
KW - Airbnb;Amenity;Sharing Economy;Hedonic Price Model;Apartment Price Factor
DO - 10.35136/krer.32.1.4
ER -

Hong, Sung Jun and Chang-Moo Lee. (2022). The Influence of Shared Accommodation on Housing Rent. Korea Real Estate Review, 32(1), 55-71.

Hong, Sung Jun and Chang-Moo Lee. 2022, "The Influence of Shared Accommodation on Housing Rent", Korea Real Estate Review, vol.32, no.1 pp.55-71. Available from: doi:10.35136/krer.32.1.4

Hong, Sung Jun, Chang-Moo Lee "The Influence of Shared Accommodation on Housing Rent" Korea Real Estate Review 32.1 pp.55-71 (2022) : 55.

Hong, Sung Jun, Chang-Moo Lee. The Influence of Shared Accommodation on Housing Rent. 2022; 32(1), 55-71. Available from: doi:10.35136/krer.32.1.4

Hong, Sung Jun and Chang-Moo Lee. "The Influence of Shared Accommodation on Housing Rent" Korea Real Estate Review 32, no.1 (2022) : 55-71.doi: 10.35136/krer.32.1.4

Hong, Sung Jun; Chang-Moo Lee. The Influence of Shared Accommodation on Housing Rent. Korea Real Estate Review, 32(1), 55-71. doi: 10.35136/krer.32.1.4

Hong, Sung Jun; Chang-Moo Lee. The Influence of Shared Accommodation on Housing Rent. Korea Real Estate Review. 2022; 32(1) 55-71. doi: 10.35136/krer.32.1.4

Hong, Sung Jun, Chang-Moo Lee. The Influence of Shared Accommodation on Housing Rent. 2022; 32(1), 55-71. Available from: doi:10.35136/krer.32.1.4

Hong, Sung Jun and Chang-Moo Lee. "The Influence of Shared Accommodation on Housing Rent" Korea Real Estate Review 32, no.1 (2022) : 55-71.doi: 10.35136/krer.32.1.4