earticle

영어

The regional difference in housing conditions is mentioned in many housing researches, but it is not empirically tested and revealed in the Korean housing market. In 2000-2002, housing price had skyrocketed in Seoul and other satellite cities, especially in some Gangnam areas of Seoul. The event clearly showed that there was the regional disparity in the housing market of the Seoul Metropolitan Region as well as other cities. In order to prepare housing measures for the improvement of deteriorated areas with low residential levels, it is necessary to find out what spatial disparity patterns in the Seoul housing market exist. This paper attempts to figure out what factors create the regional disparity of housing conditions and to analyze how housing market characteristics are different at borough and district levels. It enables us to indicate that the regional disparity of housing conditions is quite different by housing condition type. The empirical analysis shows that the regional housing conditions are grouped into three aspects: housing overcrowding, residential deficiencies, and housing welfare. It also provides that each borough has different types of housing condition deprivation and why Gangnam areas enjoyed high percentages of the housing price rise. We believe that classification of housing market disparity can be utilized in implementing urban housing polices to improve housing conditions, residential environment and living status in declined and deteriorated areas.