학회지 「도시부동산연구」
한국도시부동산학회 홈페이지에 오신 것을 환영합니다.
주택가격과 전월세의 관계 구조 해석 |
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| 2020년 08월. 11권 2호(통권26호) | ||
저자 |
저자명 정대석 | |
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발행사 |
발행사 한국도시부동산학회 | |
ISSN |
ISSN 2093-4750 | |
주제어 |
주제어 주택가격 가치 전월세 자본환원율 전세가율 전월세전환율 | |
요약 (영) |
요약 (영)
The purpose of this study is to clarify the generalized structure of the relationship between the conversion rate of jeonse to monthly rent, the jeonse to price rate and the capitalization rate in the housing rent and jeonse market and how they interact in the structure. The structure of these relations was expressed mathematically through provisions on the recognition of rental income with the lease balance theory as a premise. The product of the jeonse to price rate and conversion rate of jeonse to monthly rent is the cap rate, the jeonse to price rate is an indicator reflecting the rental riskpremium, and conversion rate of jeonse to monthly rent is the expected rate of return as the sum of the market interest rate and the rental risk premium. And the cap rate is always determined by the market interest rate. Through these relationships, regardless of the rental system, rental income is returned to the capital to derive an appropriate value. The Jeonse and rent with deposit market is explained in the same structure as the pure monthly rent market, and furthermore, since it is linked to a reasonable price (value), it can be uniformly described as a housing market. Therefore, the jeonse system can be said to be a modified rental method that works in a generalized value-determining structure, not in a unique market unique to Korea, and can be uniformly explained with the market for sale and rental. |
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원문보기 |
원문보기 | |
