Real estate book on Korea's housing prices: The Law of Housing Prices
The Law of Housing Prices is a real estate book by Kwon Hyuk-jin, who spent 30 years working in Korean housing policy, tracking the past 20 years of Korea's housing market through time-series data. The Law of Housing Prices lays out a 'carriage theory' that compares demand, supply, finance and regulation to parts of a carriage, tests 10 major housing price measures since 2014 against the Seoul apartment sales index and the base rate, and forecasts national housing stock out to 2050. It suits readers who want to read the market with data rather than gut feeling.