Analysis of Factors Affecting the Posted Price and Actual Transaction Price of Apartment in Daegu Metropolitan City Using Multiple Regression Analysis

Seon Hyeon Kim, Tae Hoon Kim, Seung Yeon Choo

Research output: Contribution to journalArticlepeer-review

Abstract

In Korea, real estate prices have risen to their highest level in the past five years. Income levels are not supported, apartment consumers tend to rush to buy apartments through excessive loans. It is necessary to find factors that affect apartment prices for reasonable purchases by consumers. However, previous studies have limited interest in some variable effects or limited analysis of specific regions. In this paper, we investigated all the apartments in legal district(dong), Daegu Metropolitan City. and we tried to find factors that affect the Posted price and actual transaction price of apartments through multiple regression analysis. As a result, we found six factors that affect apartment prices. Specifically, physical factors such as the dedicated area, elapsed years, and the number of highest floors could be found. In addition, the number of private academies, the number of households, and the park area were derived. it was different from the expectation that apartment prices would decrease as the park area per person increased.

Original languageEnglish
Pages (from-to)131-140
Number of pages10
JournalJournal of the Architectural Institute of Korea
Volume37
Issue number11
DOIs
StatePublished - Nov 2021

Keywords

  • Apartment Actual Transaction Price
  • Apartment Posted Price
  • Building Register
  • Mutiple Regression Analysis
  • Public Data

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