Recently, there is a growing interest about the market of rent and transaction. In this situation, the research about Small to Medium sized Buildings(SMB) have not been done systematically. So, this study will analyze the factors that affect trading p...
Recently, there is a growing interest about the market of rent and transaction. In this situation, the research about Small to Medium sized Buildings(SMB) have not been done systematically. So, this study will analyze the factors that affect trading price of the Small to Medium sized Buildings and figure out the differences about them. This research uses a population of the buildings in Seoul which total floor area are between 1650 and 13220 square meter. Among them, It is the samples that the buildings were traded between 2006 and 2015. Those buildings are spread across Seoul. The main results of the analysis are summarized as follows. First, the trading price of Small and Medium sized Buildings were affected for the building characteristic, area characteristic and transaction time. Second, the trading price of the Small sized buildings is influenced by actual use of the building such as commercial, business purpose but the Medium sized buildings are less influential then Small sized buildings. Third, the trading price of the Medium sized buildings more sensitively than the trading price of a Small building to these characteristics. This shows that it is needed to consider various factors when trading a Small sized Building in terms of its Actual building use. Therefore, the trading partner must determine the price to analyze comprehensive and diversified for each attributes. Through this study, you can increase the understanding of the Small to Medium sized Buildings which are relatively less received attention than Large sized Buildings and it helps each trading partners to make rational decision when they trade Small to Medium sized Buildings. Also, its purpose is to contribute to objective and reasonable real estate transactions and market formation.