A Study on Developing a Housing Transaction Price Polarization Index

Abstract

Since the recent COVID-19 outbreak, the so-called “housing price polarization phenomenon,” in which real estate inflation is aggravated and the regional housing price gap widens, is deepening. This study classifies and analyzes housing transaction polarization by housing and transaction types in 17 cities and provinces across the country through developing 'Housing Transaction Price Polarization Index'. Furthermore, this study suggests the HTPPI as an alternative way to review social and economic issues through analyzing them for more in-depth methodology with quantitative outcomes from the HTPPI.