Abstract
This study investigated the impact of the maintenance support plan system introduced in September 2021 on real estate prices for rapid housing supply in Seoul. In particular, while designating the maintenance support plan area, the land transaction permit system and the base date for calculating rights were designated for the purpose of preventing the rise in real estate prices, and the impact of these policies on real estate prices was analyzed. Based on the actual transaction price, this study confirmed whether real estate prices were stabilized using a double-difference method that measures policy effects before and after the public offering by dividing into groups that applied real estate regulations and groups that did not. As a result of the analysis, it was found that there was no effect of suppressing the rise in real estate prices due to the application of the land transaction permit system to stabilize housing prices and the base date for calculating rights. Therefore, based on the results of this study, it is necessary to prepare additional measures to block speculative demand when designating a future maintenance support plan.
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