주택가격과 전월세의 관계 구조 해석 : 자본환원율 결정 구조를 중심으로
An Analysis of Structural Relationship between Housing Price and Jeonse & Monthly Rent : Focusing on the Structure of Determining the Capitalization Rate
The purpose of this study is to clarify the generalized structure of the relationship between the conversion rate of jeonse to monthly rent, the jeonse to price rate and the capitalization rate in the housing rent and jeonse market and how they interact in the structure. The structure of these relations was expressed mathematically through provisions on the recognition of rental income with the lease balance theory as a premise. The product of the jeonse to price rate and conversion rate of jeonse to monthly rent is the cap rate, the jeonse to price rate is an indicator reflecting the rental riskp remium, and conversion rate of jeonse to monthly rent is the expected rate of return as the sum of the market interest rate and the rental risk premium. And the cap rate is always determined by the market interest rate. Through these relationships, regardless of the rental system, rental income is returned to the capital to derive an appropriate value. The Jeonse and rent with deposit market is explained in the same structure as the pure monthly rent market, and furthermore, since it is linked to a reasonable price (value), it can be uniformly described as a housing market. Therefore, the jeonse system can be said to be a modified rental method that works in a generalized value-determining structure, not in a unique market unique to Korea, and can be uniformly explained with the market for sale and rental.
목차
Abstract Ⅰ. 서론 Ⅱ. 선행연구 검토 Ⅲ. 가격과 전월세 관계의 구조 해석 1. 임대수익 인식에 대한 등가 논리 2. 자본환원율 결정 구조: 가정 1 3. 자본환원율 결정 구조: 가정 2 Ⅳ. 결론 참고문헌
키워드
주택가격(가치)전월세자본환원율전세가율전월세전환율Housing Price(Value)Jeonse & Monthly RentCapitalization rateJeonse to Price rateConversion rate of jeonse to montly rent
한국도시부동산학회(구 도시정책학회) [Korea Urban & Real Estate Association]
설립연도
2010
분야
사회과학>행정학
소개
"한국도시부동산학회는 바람직한 미래의 도시상을 만들어갑니다"
우리 학회는 도시와 교통, 건축과 부동산 분야 등 정책 중심의 융합 연구 활동을 지향하고 있습니다.
시대 변화에 능동적으로 대응하고자 최근 이슈가 되고 있는 기후와 에너지, 4차 산업혁명과 AI, ESG 등 융합 아젠다를 발굴하여 다루는 작지만 강한 강소학회(强小學會)입니다.
간행물
간행물명
도시부동산연구 [Journal of Urban Studies and Real Estate]