임대인의 포트폴리오전략관점에서 본 임대주택시장의 전월세전환율

• 영문명: The Conversion rate for Jeonsei-to-Monthly Rent of the Rental Housing Market in terms of Housing owner's Portfolio return
• 발행기관: 한국주택학회
• 저자명: 이성찬(Lee, Sung-Chan) 임창호(Yim, Chang-Ho) 이창무(Lee, Chang-Moo)
• 간행물 정보: 『한국주택학회 학술대회 발표논문집』2003년 추계학술대회, 81~95쪽, 전체 15쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2003.11.28

영문 초록

It is an unique feature of the Korean rental housing market that the lease system is largely dualized by 'Jeonsei'(up-front lump-sum rent deposit) and monthly rent contracts. The Conversion rate for Jeonsei-to-monthly rent(monthly rent rate) play a role to compare a different level of rent among the various contract types. The meaning of the Conversion rate which is a financial opportunity cost of the Jeonsei deposit or security deposit can be understood as the required rate of return of equity invested in housing or the market interest rate or portfolio return of both. This study adopts that the conversion rate can be a portfolio return and induce related variables such as market interest rate and expected capital appreciation. The results show that the conversion rate will be high in sub-market where expected capital appreciation is high, the market interest rate is high in terms of portfolio return model. Futhermore, the conversion rate can be affected by negotiations process between houseowner and tenants.

목차

Abstract

Ⅰ. 서론

Ⅱ. 포트폴리오수익률모형

Ⅲ. 포트폴리오수익률모형과 보증금월세전환율

Ⅳ. 교섭모형

Ⅴ. 실증분석

Ⅵ. 결론

인용문헌

키워드

전월세전환률 포트폴리오수익률 기대자산가격상승률 임대주택시장 Conversion rate Portfolio Return Expected Capital Appreciation Rental Housing Market