English Abstract: Based on the Korean housing survey 2020, the paper examines the distinct characteristics of …

structural change in the housing market in the mid to long-term in terms of:i) occupation type and residential areas, ii) housing … in other major countries, and it is highly likely that the effects of populations aging on the housing market will appear … to be compressive as baby boomers become 65 or above after 2020.First of all, in the case of housing occupation type and …

consumption and housing. For instance, the results show that when the LTV ratio and complementarity stands respectively at 50% and … the elasticity of intra-temporal substitution between housing and consumption is estimated at 0.42, which plays an …

demographic structures change slowly and housing markets adjust slowly to economic fundamentals, we conduct our analysis over …