3.2.1. External Capital Inflow

**Figure 13.** Microscopic perspective factor status system.

3.2.2. Local Development or Public Facilities, and Important Facilities

3.2.1. External Capital Inflow

In Korea, the influence of land and building owners is absolute. Thus, even if an outsider contributes to the holder, there is no burden of property tax, capital tax, and taxation. In other words, the so-called 'good news' profits all go to the landholders, not

In Korea, the influence of land and building owners is absolute. Thus, even if an outsider contributes to the holder, there is no burden of property tax, capital tax, and taxation. In other words, the so-called 'good news' profits all go to the landholders, not theirs. Industrial complexes, social overhead capital, current local residents and artists, and external investments such as efforts to revive the neighborhood are the so-called 'good news'; the profits all go to the landholders, not them. Therefore, it is important to analyze the impact of good conditions on real estate, and bad conditions need to be analyzed as well.

Not surprisingly, if public facilities or important facilities come in next to residential or commercial areas, the value of the real estate increases as the number of floating pop-

theirs. Industrial complexes, social overhead capital, current local residents and artists, and external investments such as efforts to revive the neighborhood are the so-called 'good news'; the profits all go to the landholders, not them. Therefore, it is important to analyze the impact of good conditions on real estate, and bad conditions need to be analyzed as well. *3.2. Microscopic View of the Real Estate Market*  A micro perspective is a theory which focuses on the interactions between individuals in everyday life or the subjectivity of individuals, and which presupposes the social nominal theory. The micro real estate factors can be seen in Figure 13.

**Figure 13.** Microscopic perspective factor status system. **Figure 13.** Microscopic perspective factor status system.
