공공임대주택 유형별 가격효과 분석 : 서울시 장기전세 및 국민임대주택을 중심으로

Abstract

Due to the stereotypes that Public Rental Housing could affect negatively in housing prices, local residents often oppose the construction of public rental housing. Meanwhile, the government has recently diversified the types of public rental housing, such as SHIFT(Long-term rental housing) and National rental housing, to embrace the demands of single-person households, young people and newlyweds. In this situation, we have focused on the possibility that public rental housing may have different effects on nearby housing prices depending on the types and characteristics of public rental housing. To analyze the effect of public rental housing supply, we choose the case study sites through serial processes, and applied the Modified Repeat Sales Model with the concept of Difference-In-Difference method. The results show that the supply of public rental housing affects housing price decline and the magnitude of this effect varies by the type of public rental housing.