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A Study on the Land and Building Component Ratio in the Price Appraisal of Apartment Houses

  • Korea Real Estate Review
  • 2022, 32(2), pp.53-65
  • DOI : 10.35136/krer.32.2.4
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
  • Received : June 7, 2022
  • Accepted : June 15, 2022
  • Published : June 30, 2022

Ju Yong Beom 1

1(재)한국부동산연구원

Irregular Papers

ABSTRACT

The land and building component ratio (LBCR) refers to the distribution of land and building values as a ratio, and the current LBCR of apartment houses has not been reviewed in more than 10 years since 2012, making it unsuitable to use at this time. This study aims to review the distribution method of land and building value and propose a new LBCR for apartment houses. Therefore, three alternative methods of land and building value distribution were determined in this study through theoretical review, and the final LBCR of apartment houses was presented based on empirical analysis and expert opinions. Findings reveal that the land ratio of apartments, townhouses, and multiplex houses increased compared with the LBCR in 2012. Moreover, in the case of townhouses and multiplex houses, the land ratio of Seoul and five metropolitan cities increased significantly.

Citation status

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