The Division of Spatial Housing Submarkets
A Theory and the Case of Seoul
Bibliographic Data
| ID | 4139820 |
|---|---|
| Authors | Joon Park (0000-0001-9547-4249, The Bartlett School of Planning, University College London, Wates House, 22 Gordon Street, London WC1H 0QB, England, corresponding author) |
| Year | 2013 |
| Volume | 45 |
| Issue | 3 |
| Pages | 668-690 |
| Publication date | 2013-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a45337 |
| OpenAlex | W2009002132 |
| Language | EN |
| Citations received | 3 |
| References cited | 32 |
This study suggests a basis for the division of spatial housing submarkets in enhancing the understanding of housing markets. The theoretical background of the division is based upon the relationship between commuting patterns and the structure of house prices. An examination of the process of 'expansion-overlap-merging' between residential spheres, defined as a unit consisting of a centre of employment and the surrounding residential area, provides an overview of a probable form of merged residential spheres in large cities. In an empirical analysis of Seoul the spatial housing submarkets were identified on the basis of the hierarchies between the local authorities from commuting patterns. The relevance of the division was tested with three statistical procedures: hedonic price models, Chow tests, and weighted standard error tests. The statistical tests suggested that the housing market in Seoul can be divided into three distinct spatial submarkets, which supports the reasoning of the division method suggested in this study
Arithmetic · Econometrics · Economic geography · Economics · Geography · House price · Housing Market and Economics · Mathematics · Spatial and Panel Data Analysis · Urbanization and City Planning
Location and Land Use
Economics of Agglomeration
Hedonic modelling, housing submarkets and residential valuation
Housing Market Segmentation
The dynamic of neighborhood change and decline
Defining Housing Submarkets
Transportation and Urban Land
Spatial Change and the Structure of Urban Housing Sub-markets
Intra‐Urban migration and housing submarkets
Economic perspectives on the structure of local housing systems
Seoul
An alternative approach to housing market segmentation using hedonic price data
Gross rents and market values
Segmentation in urban housing markets
Urban Ground Rent
A Note on Housing Market Segmentation in an Israeli Development Town
The Definition of Housing Market Areas and Strategic Planning
Accessibility and Supply Constraints in the Urban Housing Market
Hedonic Prices and Implicit Markets
On the Price of Land and the Value of Amenities
Rent in an Equilibrium Model of Land Use∗
The Definition and Identification of Housing Submarkets
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,25 |
| Citation span | 2014 - 2024 (11) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |