• Title/Summary/Keyword: Differentiation of the price of apartments

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The Residential Segregation and the Differentiation of Housing Value in Seoul (서울의 학력집단별 거주지 분리와 아파트 가격의 차별화)

  • Choi, Eun-Young
    • Journal of the Korean association of regional geographers
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    • v.10 no.3
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    • pp.592-605
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    • 2004
  • The research analyzes data on housing(apartments) value and educational level(45$\sim$59 aged) in Seoul. The results of the research show that: since the economic crisis of 1997 out of which Korea was rescued by the IMF, it is evident that the spatial process of increasing residential segregation and the regional differentiation of housing price are inextricably interrelated. Through time-series analysis for the education level by the administrative unit of Dong in Seoul, already in 1990 the residential segregation by the educational groups was observed, it is acknowledged that this residential segregation has been reproduced continuously. The rate of residence of the highly educated groups in an administrative Dong is closely related to the variation of the housing value within the Dongs. The housing value in the period 1997$\sim$2003 has risen sharply in the regions where highly educated groups are spatially concentrated. That of other regions have stagnated or have risen marginally thus, the regional differences of the housing value have greatly increased. The differentiation of housing price reflects the residential segregation.

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