부동산경매시장에서 매각가격은 할인되는가? (Is the Selling Price Discounted at the Real Estate Auction Market?)

서지정보

· 발행기관 : 한국주택학회
· 수록지 정보 : 주택연구 / 18권 / 3호 / 93 ~ 117페이지
· 저자명 : 진남영, 이용만, 민태욱

초록

본 논문의 목적은 우리나라에서 경매시장의 매각가격과 일반시장의 거래가격 간에 차이가 존재하는지, 시장상황에 따라 가격 격차가 달라지는지 여부를 실증적으로 분석하는데 있었다. 서울특별시 도봉구와 강남구, 그리고 경기도 용인시 수지구의 아파트를 대상으로 경매 매각가격과 일반 거래가격의 차이를 추정한 결과, 모든 지역에서 경매 매각가격이 일반 거래가격에 비해 할인되는 것으로 나타났다. 그리고 할인의 정도는 지역에 따라 달랐는데, 아파트가격이 상승기에 있었던 도봉구가 3.54%, 안정기에 있었던 강남구가 7.40%, 하락기에 있었던 수지구가 12.45% 할인되는 것으로 추정되었다. 우리나라 법원경매에서 매각가격이 일반 거래가격보다 할인되는 것은 일차적으로 우리나라 법원경매에 존재하는 명도비용 등으로 인해 법원경매의 거래비용이 일반시장의 거래비용보다 높기 때문인 것으로 보인다. 그리고 시장상황에 따라 할인율이 달라지는 것은 우리나라 법원경매의 최고가밀봉입찰방식에 기인하는 것으로 보인다. 최고가밀봉입창방식에서는 입찰자의 수가 적을수록 경매 매각가격의 할인율이 커지는데, 시장상황이 나쁠수록 입찰자 수가 줄어들기 때문에 경매 매각가격의 할인율이 커지는 것으로 보인다.

영어초록

The real estate auction in Korea is understood as a means for enabling people to purchase at the lower price than real estate transactions practiced through negotiation at the ordinary market. The complexity of the legal relationship between right and obligation has made a great contribution to leading people to understand the auction as the means for purchasing real estate at low prices. If so, is the price traded through the court auction low than the general market though the object defective in title is excluded? Therefore, this study was intended to investigate whether there was a gap between real estate traded through the court auction and at the general market by making a comparison between them and how far it existed if any. For this purpose, it selected as the object for its analysis the apartment traded in Dobong-gu and Kangnam-gu, Seoul, and Suji-gu, Yongin in Kyonggi Province, whose sales prices showed the uptrend, the plateau and the downtrend over the period between Jan, 2007 and June, 2008. And then it attempted to make an empirical analysis of the difference in the prices agreed on between apartment knocked down through auction and that traded at the general market by using the hedonic price model. As a result, it was found that the sales price at auction was lower than transaction prices at the general market in all the areas. It was found that the rate of price gaps was -3.54% in Dobong-gu, -7.40% in Kangnam-gu and -12.45% in Suji-gu. These findings are identical with the general understanding that the sales price at auction would be lower than transaction prices at the general market in Korea. But it was found that there was a considerable difference in the rate of price gap in the selected areas according to transactional methods.

참고자료

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