• Title/Summary/Keyword: Transnational housing filtering process

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Foreigners' Housing Market and Transnational Housing Filtering Process: Focusing on the Case Study of Korean-Chinese (외국인 주택 시장과 초국가적 주택 여과 과정: 조선족 사례를 중심으로)

  • Paek, Yilsoon
    • Journal of the Economic Geographical Society of Korea
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    • v.21 no.4
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    • pp.370-392
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    • 2018
  • This study aims to reveal that the changes in the population and housing consumption of foreigners, which are constantly undergoing structural changes, affect both the housing market of home and host country. The cause and the change of foreigners' housing market in Seoul were analyzed to be that the foreigners' continuous inflows occurred due to the 'fixed effect of rent' on the rental market, which is different from the domestic housing market. Korean-Chinese, who tend to be circular migration, make the current concentration of the housing market. Meanwhile, Korean-Chinese, who have experienced migration from Korea, emerged as major housing consumers, causing a real estate boom in Yanji City. Housing investment by Korean-Chinese is concentrated in the 'West' from Yanbian University, closely related to the city's urban planning that affects housing supply. This transnational housing consumption of immigrants connects the housing market of home and host country, in turn, causes the filtering process in the two countries simultaneously, which results the 'transnational housing filtering process'.