주택전세 자기자금이 주택매매가격에 미치는 영향에 관한 연구

A Study on Effects of Tenant's Own Jeonse Deposit Equity(House Lease Deposit) on House Sales Price

전세금 자기자본이 주택 매매가격에 미치는 효과에 관한 실증분석결과 전세금 자기자본 비율이 높을수록 주택 매매가격은 상승하는 것으로 나타났다. 이는 전세가격이 상승하는 상황에서 전세금 자기자본 비율이 높으면 전세수요가 매매수요로 전환될 수 있지만, 자기자본 비율이 낮으면 매매수로 전환이 되지 못하는 것을 의미한다. 즉 전세가구에 대해 저리자금 대출지원은 전세수요를 유발시켜 다시 전세가격을 상승시키는 문제를 발생시킴으로 전세가격을 안정시키기 위해서는 수요분산을 위해 매매전환 유인 정책이 필요하다고 사료된다.

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to draw implications for stability of the Jeonse market and the property sales market with analysis of effects of the ratio of a tenant's own jeonse deposit on property sales price. (2) RESEARCH METHOD This study tries to analyze whether the ratio of a tenant's own jeonse deposit has effects on property sales price through empirical analysis conducted with literature review and survey. The literature review on reports or previous studies for the relationship between jeonse deposit and property sales price constructs the theoretical base and the research model and the empirical analysis is conducted with multiple-regression analysis. (3) RESEARCH FINDINGS According to the empirical study on effects of the ratio of a tenant's own jeonse deposit on property sales price, it is found that high ratio of a tenant's own jeonse deposit results in increased sales price of property. This implicates that the demand of jeonse can be converted to purchase of property if there is high ratio of a tenant's own jeonse deposit while such conversion does not happen if the ration of tenant's own jeonse deposit is low. 2. RESULTS The phenomenon that property sales price decreases while jeonse price increases ruins the housing stabilization. This means that the demand of jeonse may not be converted to the demand of property sales even if the ratio of jeonse price/sales price is high. To convert the demand of jeonse to the demand of property sales, it is necessary for the ratio of a tenant's own jeonse deposit to be high. Therefore, the government shall prepare a policy to increase the ratio of a tenant's own jeonse deposit rather than focusing on increase of jeonse loan amount for housing stabilization.