Analysis of the impact of real estate market and regional characteristics on lease registration order

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose is to analyze the impact of real estate market and regional characteristics on the number of leasehold registration orders in order to identify factors affecting the lease accident. (2) RESEARCH METHOD The temporal scope for the analysis of this study was based on four years from 2020 to 2023. The spatial scope was 85 cities nationwide, specifically Seoul, six metropolitan cities, Sejong Special Self-Governing City, and 77 autonomous cities. The research analysis method was multiple regression analysis using the SPSS 22 statistical package. (3) RESEARCH FINDINGS The analysis results showed that different patterns were observed in 2020-2021, when apartment prices were rising, and in 2022-2023, when apartment prices were falling. The four variables of the ratio of households without a home, financial independence, Gyeonggi-do, and the ratio of multi-family housing units with more than 20% of housing types were significant in all years. Among these, it was analyzed that the number of lease registration orders increased in areas with a high ratio of rowhouses and multi-family housing, and that the standard for the ratio was lowered over time. 2. RESULTS In order to prevent lease accidents in row house multi-family housing, provision of market price information, introduction of measures to avoid risks such as risk premium when handling related products such as lease deposit return guarantee, establishment of policies and improvement of systems through analysis of related precedents and cases, row house multi-family houses Policy implications such as separate management of contract cases were presented.

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Publication Details

Journal
Korea Real Estate Academy
Published
2024-12-31
DOI
https://doi.org/10.31303/krear.2024.95.79
Citations
1
Primary Topic
Regional Development and Environment
Type
article
Field-Weighted Citation Impact
1.13
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article

Analysis of the impact of real estate market and regional characteristics on lease registration order

Hyun Byun, J. Suh
1 citations
Korea Real Estate Academy
Regional Development and Environment
1.13
article

Analysis of the impact of real estate market and regional characteristics on lease registration order

Hyun Byun, J. Suh
article en
1 citations

Abstract

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose is to analyze the impact of real estate market and regional characteristics on the number of leasehold registration orders in order to identify factors affecting the lease accident. (2) RESEARCH METHOD The temporal scope for the analysis of this study was based on four years from 2020 to 2023. The spatial scope was 85 cities nationwide, specifically Seoul, six metropolitan cities, Sejong Special Self-Governing City, and 77 autonomous cities. The research analysis method was multiple regression analysis using the SPSS 22 statistical package. (3) RESEARCH FINDINGS The analysis results showed that different patterns were observed in 2020-2021, when apartment prices were rising, and in 2022-2023, when apartment prices were falling. The four variables of the ratio of households without a home, financial independence, Gyeonggi-do, and the ratio of multi-family housing units with more than 20% of housing types were significant in all years. Among these, it was analyzed that the number of lease registration orders increased in areas with a high ratio of rowhouses and multi-family housing, and that the standard for the ratio was lowered over time. 2. RESULTS In order to prevent lease accidents in row house multi-family housing, provision of market price information, introduction of measures to avoid risks such as risk premium when handling related products such as lease deposit return guarantee, establishment of policies and improvement of systems through analysis of related precedents and cases, row house multi-family houses Policy implications such as separate management of contract cases were presented.

Korea Real Estate AcademyVol. 95
Openalex Percentile: Top 13%
Regional Development and Environment
1.13
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