Abstract
The purpose of this study is to examine whether infectious diseases such as H1N1 flu, MERS, and COVID-19 affect housing prices, and to analyze how the money supply and interest rates at the time of each epidemic affect housing prices, using a fixed-effects model. was used. The implications of this study are First, this study has great implications at this point in that there are few previous studies on the relationship between infectious diseases such as COVID-19 and housing prices, and there is no empirical analysis. Second, this study was possible because panel data combining cross-sectional data and time series data were constructed, and macroeconomic and regional characteristics through the era of infectious diseases could be reflected. In conclusion, the impact of post-COVID-19 epidemics on house prices, such as COVID-19, was found to be different in the metropolitan area and Seoul. It was judged that the new flu had a positive impact on the metropolitan area, but had a negative impact on house prices in Busan, Ulsan, and Gyeongnam. It is judged that COVID-19 has had a positive impact on the metropolitan area, Busan, Ulsan, and Gyeongnam.
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