@article{ART003063823},
author={Kwon, Hyuk Jin and Choi, Mi Ho},
title={Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2024},
volume={34},
number={1},
pages={7-22},
doi={10.35136/krer.34.1.1}
TY - JOUR
AU - Kwon, Hyuk Jin
AU - Choi, Mi Ho
TI - Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization
JO - Korea Real Estate Review
PY - 2024
VL - 34
IS - 1
PB - korea real estate research institute
SP - 7
EP - 22
SN - 2092-5395
AB - This study conducted a panel analysis to examine the impact of rental housing supply by type (public/private, built/purchased) on housing market price stabilization at the level of metropolitan city and province level. This study used data from the National Survey of House Price Trends (Korea Real Estate Board) and MOLIT Statistics System (Ministry of Land, Infrastructure, and Transport) for the period 2013–2021. The main findings of the analysis are as follows. In terms of a provider, publicly rented housings contribute more to price stabilization than privately rented, and in terms of a supply method, purchased-rented housings are better in price stabilization than constructed-rented housings. In terms of renting types, price stabilization effect is strongest in public purchase followed by public construction and private purchase. However, private construction is more likely to drive up prices. This suggests that rather than focusing solely on increasing inventory, rental housing supply policies should include both legal and institutional support and regulation.
KW - Public Rental Housing;Private Rental Housing;Built-rental Housing; Purchased- rental Housing
DO - 10.35136/krer.34.1.1
ER -
Kwon, Hyuk Jin and Choi, Mi Ho. (2024). Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization. Korea Real Estate Review, 34(1), 7-22.
Kwon, Hyuk Jin and Choi, Mi Ho. 2024, "Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization", Korea Real Estate Review, vol.34, no.1 pp.7-22. Available from: doi:10.35136/krer.34.1.1
Kwon, Hyuk Jin, Choi, Mi Ho "Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization" Korea Real Estate Review 34.1 pp.7-22 (2024) : 7.
Kwon, Hyuk Jin, Choi, Mi Ho. Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization. 2024; 34(1), 7-22. Available from: doi:10.35136/krer.34.1.1
Kwon, Hyuk Jin and Choi, Mi Ho. "Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization" Korea Real Estate Review 34, no.1 (2024) : 7-22.doi: 10.35136/krer.34.1.1
Kwon, Hyuk Jin; Choi, Mi Ho. Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization. Korea Real Estate Review, 34(1), 7-22. doi: 10.35136/krer.34.1.1
Kwon, Hyuk Jin; Choi, Mi Ho. Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization. Korea Real Estate Review. 2024; 34(1) 7-22. doi: 10.35136/krer.34.1.1
Kwon, Hyuk Jin, Choi, Mi Ho. Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization. 2024; 34(1), 7-22. Available from: doi:10.35136/krer.34.1.1
Kwon, Hyuk Jin and Choi, Mi Ho. "Comparative Analysis of the Effects of Rental Housing Supply Provider and Method on the Housing Market Price Stabilization" Korea Real Estate Review 34, no.1 (2024) : 7-22.doi: 10.35136/krer.34.1.1
