| 요약2 |
This paper examines the levels and causes of demand/supply mismatches in the Capital Region's housing markets. The analysis done using 79 autonomous local governments' population, households, housing stock, housing price, and transaction volumes data found that chonsei rate per 3.3m2, fluctuations in chonsei/sales prices, and non-homeownership rate were the main causes behind mismatches. Based on this result, it was further revealed that the Capital Region lacked 287,263 housing units in 2007 and that it can be divided into 5 different housing demand management zones depending on degrees of housing stock deficits. The result also shows that supply of more houses should be the primary policy objective ensuring sufficient support for would-be owner occupants. And, recognizing that systematic production of accurate statistics serve as the sound foundation for monitoring of housing demands and supplies, the government-led effort should be made to advance housing statistics. This kind of analysis deepens understanding of the housing market and is a useful framework not only for identifying such mismatches but also for searching policy solutions at interregional levels. Further examination on elaboration of analysis model and empirical analysis for other housing sub-markets are needed. |