A Study on the Influencing Factors of Real Capital Return on Small and Medium-sized Building in Seoul

Abstract

The purpose of this study is to find research results that help understand the small and medium-sized building market by deriving important factors affecting the real capital return for small and medium-sized buildings in Seoul. The following is a summary of the meaningful contents derived from the research results. First, among the macro characteristics, the rate of change in apartment prices was found to have the greatest effect on the real capital return. Second, among the transaction characteristics, it was found that the holding year had a large effect on the real capital return. Third, it was found that among the location characteristics, the number of encounters and corners had a large effect on the real capital return. Finally, it was found that there were many variables that did not affect the real capital return as a variable of building characteristics and land characteristics. This study is meaningful in terms of diversity in research on small and medium-sized buildings in real estate research.