부동산경매시장의 낙찰가율 변동요인에 관한 연구

A Study on the Factor of the Change to the Successful Bid Rate of the Reil Estate Auction Market

&nbsp;&nbsp;1. CONTENTS<BR>&nbsp;&nbsp;(1) RESEARCH OBJECTIVES<BR>&nbsp;&nbsp;The research objective is to help people make rational investment by finding out factors that change the successful bid rate in the real estate auction market. Also, it is to help people who intend to participate in the real estate auction market in future estimate successful bids. Plus, it is to boost the real estate auction market through a theoretical analysis of the factors of the change to the successful bid rate, and to enhance the real estate auction earning rate.<BR>&nbsp;&nbsp;(2) RESEARCH METHOD<BR>&nbsp;&nbsp;The study conducted research by using data from the Korea Asset Management Corporation who undertake the management and sale of articles for sale at auction registered for courts nationwide. Also, the study analyzed the change of the successful bid rate by the purpose of real estate and by location mainly with articles for sale at auction of the Korea Asset Management Corporation. Then, the study organized social and economic background and factors of how the successful bid rate has been driven to change by dividing them into several types.<BR>&nbsp;&nbsp;(3) R ESEARCH RESULTS<BR>&nbsp;&nbsp;The factors affecting the successful bid rate is largely classified with a factor that changes the auction supply and a factor that changes the auction demand. Also, it was deduced that individual and corporate bankruptcy rates, closing of business, interest rate change, policies, and expecting psychology highly influence the two factors.<BR>&nbsp;&nbsp;2. RESULTS<BR>&nbsp;&nbsp;Real estate auction has been traditionally deemed to be traded at cheaper prices; however, it needs to determine the successful bid more rationally by considering possible risks and future uncertainty. In partiCl.llar, it is desirable to determine the successful bid with reference to the fluctuation rate of the successful bid rate for receiving the auction aimed at stuffs with similar conditions. When there are many bidders under the same conditions, people are likely to offer higher successful bids out of competitive mind, which leads to a lower ROI(Retum on Investment) as they reach almost the same price as the market price.<BR>&nbsp;&nbsp;The factors of the changes to the successful bid rate were found significantly affected by individual and corporate bankruptcy rates, closing of business, future economic growth rate, and the change of real estate policies.