| Title |
A Comparison Study on the Price Changes between Before and After Real Estate Policy by Calculating the Price Index of Officetel |
| Authors |
정재훈(Jung, Jae-Hun) ; 전재범(Jun, Jae-Bum) |
| DOI |
https://doi.org/10.5659/JAIK.2021.37.8.113 |
| Keywords |
Officetel; Price Index; Real Estate Policy; Price Change; Difference-in-Difference Analysis |
| Abstract |
This study calculates the officetel sales price index using real-time transaction data from April 2009 to February 2021, and analyzes price
changes between before and after the implementation of real estate policies due to regional environmental differences between Mok-dong and
Yeouido-dong. As a result of the study, the difference in sales prices by exclusive area of the two regions and the hierarchy by complex are
identified. In particular, through the calculation of the officetel sales price index at the Dong unit, it is confirmed and verified that the actual
actual transaction price has followed the data well. The analysis of differences in sales prices between the two regions before and after the
6.27 real estate policy shows significant results in a rise in officetel prices, and the effects of real estate policy show a time lag and work
slowly. |