금융위기 후 대도시 아파트 특성가격모형(HPM)의 변화 -3개 대도시(서울, 대전, 부산)를 중심으로- = The Price Determinants Model of the Metropolitans in after of the Global Financial Crisis -In the case of Seoul, Daejeon, and Pusan-

다국어 초록 (Multilingual Abstract)

There are not many literatures on changes of hedonic price model of metropolitan apartments in South Korea after global financial crisis, But apartment buyer & seller``s most urgent concern is what attributes of apartment is most attractive to trade counter part. So this study figure out the transition of hedonic price model of Korean metropolitan cities-Seoul, Daejeon, and Busan after the crisis and social change, based on hedonic price model. Research hypotheses are composed of transitions of HPM at each cities(Hypothesis 1), transition phase difference among cities(Hypothesis 2), and pattern of transition(Hypothesis 3). To test the hypotheses, we build up 209,107 real transaction data of apartment in Seoul, Busan, and Daejeon from 2006 to 2010. Results of empirical tests show that the economic event(financial crisis) changes the hedonic price model at each cities. So hypothesis 1 is accepted. And hypothesis 2 which test the phase of transition among three metropolitan cities is accepted, too. Finally, hypothesis 3 which tells that apartment attributes about practical demand would be favored is rejected. Each cities show mixed trends of preference on apartment attributes.