Recently in Korea, housing prices continue to depreciate the pattern shows. Activate a variety of government policy, despite the real estate market, housing market and housing policy, the prospects for effective unreliable nature of the realestate market, because housing prices are factors that may affect the interests complex and entangled because It cannot be easily solved.
This study promoted by the government housing policy and to analyze the correlation between home sales price index of housing policy in the future seeking ways in which we will respond to.
Through the study the following conclusions have policy implications.
First, the housing policy to respond should a problem as the current policy include the trailing Dynamic changes in housing prices can not respond properly. Therefore, to manage the price index a salea ding indicator composite index, accompanied by a trailing Composite Index Composite Index and the development of house prices and anticipate and respond to appropriate housing policies should be leading.
Second, excessive government intervention as possible by reducing the market economy on the principle that the government induced the formation of market prices should be. But until now, soaring, oran abnormal hurry to lock in the market by government intervention, short-term policy based on principles of market economy by preventing the formation of a distorted market is to create. This ad-hoc housing policy for policy awful loss of confidence of the people and their resistance to raising speculation are the side effect s occurred.
Third, people must understand the policies of the housing. The government on housing policy did not predict people's reactions. performed over the full simulation of the effectiveness of the various aspects of housing policy and housing policy in the comparative analysis should estimate the effects of.
Fourth, housing price formation of housing policy, as well as political, social, economic and psychological variables must not susceptible to being overlooked, because, even if policy is good economic conditions, poor housing, or not well received by consumers, or to deny political as much as expected if the effect of the policy will not be available. Economic growth and corporate bond yields and interest rates, such as macro-economic indicators and dynamics of the global economy, domestic economic conditions, consumer psychology, political conflict, and a significant impact on housing prices of the factors is a need for research.
Enough to more than research, the research challenges faced in the process of policy variables classified, housing market, macroeconomic variables that affect the selection of various parameters such ast he limitation, the impact on housing policy and housing prices need to be more specific analysis Volume analysis of housing needs to over come such limitations, this study through follow-up studies need to verify that re-look.