earticle

영어

With the introduction of the railway in Seoul, the railway became an indispensable social overhead capital as a representative public transportation system. As the city was expanding, however, the ground railway and relevant railway facilities caused many problems to adjacent areas, including spatial disconnection, noise and vibration. Also, railwaysurrounding areas urgently needed Urban regeneration due to housing deterioration and lack of urban infrastructure, however it shows its limitations by physical and financial constraints. In this study, the general influential factors for the house price, including the characteristics in view of apartment complex, location and region, and the railway-related characteristics were analyzed to examine the effects and sizes of the factors on nearby apartment houses using a hedonic model. This study looked into the apartment houses near Gyeongwon Line and Subway Line 7. The actual apartment sale price per 1㎡ was chosen as an dependent variable, and the characteristics in terms of housing, location, region, nearby and ground-railway area were chosen as independent variables. The analysis results showed that the station as the public transportation facility had a positive effect on the nearby apartment prices, but the railway and depots on the ground had a negative effect on the nearby apartment prices.