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Impact of Corporate Transaction Volume Ratio on Apartment Prices

  • Korea Real Estate Review
  • 2024, 34(2), pp.23-39
  • DOI : 10.35136/krer.34.2.2
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
  • Received : February 20, 2024
  • Accepted : June 21, 2024
  • Published : June 30, 2024

Kim, Hee Kwan 1 Joon Sun Yang 1 Sanggun Lee 1

1서강대학교

Accredited

ABSTRACT

This study focused on the steadily increasing proportion of corporate transactions in the total apartment transaction volume. It also investigated the correlation between this proportion and apartment prices. The analysis confirmed a positive relationship between the corporation's share in apartment transaction volume and the apartment sales index. In particular, the direction of this relationship varied depending on the corporation's market participation status. When a corporation participated as a seller (buyer), it positively (negatively) correlated with the apartment sales index. This study has implications for achieving the policy goal of curbing speculative demand from corporations. However, the system must be restructured to incentivize corporations to actively engage in real estate transactions as sellers to ensure price stability in the real estate market.

Citation status

* References for papers published after 2022 are currently being built.

This paper was written with support from the National Research Foundation of Korea.