Cap.rate spread를 이용한 서울시 아파트 가격 평가에 관한 연구

A Study on Evaluating the Price of an Apartment In Seoul Using Cap.rate spread

Some people estimate that the price of an apartment is overpriced or underpriced through the change of cap.rate. The important thing is that investment is relative. Cap.rate consists of risk free rate and risk premium. To evaluate the price of an apartment using cap.rate can’t estimate real risk premium. Because cap.rate includes risk free rate which changes by time. Let’s look into the price of an apatrment in Seoul whether it is overpriced or underpriced using cap.rate spread which deducts risk free rate from cap.rate and investigate what is the difference between the apartment market in U.S.A and in Seoul