경주지진이 연립·다세대주택의 매매가격에 미친 영향

Examining the Effects of 2016 Gyeongju Earthquake on Housing Sales Price

This research intends to investigate the effects of 2016 earthquakes on sales prices of both row and multi-family houses in Gyeonju-si in Korea. Attention has been paid to the spatial and temporal impacts on housing sales prices and some policy implications for ensuring residential stability of residential vulnerable groups. As a result of analyzing the spatial effect, the housing sale prices within the earthquake-prone area significantly decreased due to the outbreak of the Gyeongju earthquake. The spatial range of the earthquake is found to be 15 kilometer from the epicenter. There is a significant difference from the spatial distance from the epicenter reported by the Ministry of Public Safety and Security in terms of physical damage assessment. The result of examining the temporal effect shows that the housing sales prices in the earthquake-prone area decreased after the earthquake, but the prices of row and multi-household houses in other areas rose. It is necessary to consider the spatial range of the earthquake in terms of housing market in order to establish housing policies and measures in Gyeonju. It should be also considered that the earthquake-prone area needs long-term housing stabilization measures of more than two years.