Abstract
This study analyzed the factors of price rise in apartments traded in Jeju Special Self-Governing Province from 2019 to 2021 using the Hedonic price model. There are 486 apartments subject to analysis and 526 types based on area. In 2019, 2026 transaction cases were applicable, and in 2021, 2907 transactions were applicable. In summary, the high price increase rate is based on the size of the exclusively used area, whether large, medium or small. The larger the remaining building-to-land ratios and the longer the elapsed years, the better the return on reconstruction can be expected, indicating that the high price rise rate. The higher the number of households, the higher price rise rate. In addition, the price rising rate of entrust management apartments is higher than that of the autonomous management apartments. Compared to the Dong area of Jeju-si, the price increase rate of apartments in the Dong area of Seogwipo-si is the lowest, followed by Eup·Myeon area of Seogwipo-si. It was analyzed that the farther away from the market, the lower the price rise rate.
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