Preferences and Demands for Multi-Habitation: Evidence from a Questionnaire Survey in Korea

Jun Hyung Kim

ERES from European Real Estate Society (ERES)

Abstract: In Korea, the concept of 'one house for one household' has been the principal pillar of the national housing policy framework for decades. Owning two or more houses has been regulated to guarantee housing affordability. However, it has recently faced challenges due to the depression of the regional housing market. Combined with the increasing trend of telecommuting after COVID-19, it has driven new trends, 'multi-habitation'. Yet, there are not abundant analyses about the preferences or demands for multi-habitation. Based on a questionnaire survey, this paper figures out the feasibility of multi-habitation policy or projects.

Keywords: Housing Consumption; Housing demand; Housing Preference; multi-habitation (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2024-01-01
New Economics Papers: this item is included in nep-ure
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