Externalities and House Prices: A Stated Preferences Approach

Głuszak, Michał

doi:10.15678/eber.2018.060410

Cited by 11 publications

(14 citation statements)

References 66 publications

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“…In the analysis of this type of preferences, historical data are mainly used. Declared preferences, in turn, refer to consumer's hypothetical market behaviours (Głuszak, 2018;Gluszak & Marona, 2017;Źróbek, Trojanek, Źróbek-Sokolnik, & Trojanek, 2015). Both methods have certain common assumptions:…”

Section: Literature Reviewmentioning

confidence: 99%

Seniors’ revealed preferences in the housing market in Poznań

Tanaś¹,

Trojanek²,

Trojanek³

2019

Economics &Amp; Sociology

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Demographic changes, manifested in the ageing of society are one of the significant challenges of contemporary Europe. As senior citizens will represent the increasingly large part of the society, it seems necessary to look more broadly at the needs of this group. What is one of the fundamental needs of every human being is the need of accommodation. The existing body of literature does not provide a sufficient number of studies of seniors' housing needs. Most Polish studies concerning the characteristics of this group of buyers and their preferences regarding the housing market are qualitative. They are usually purposive sample surveys the purpose of which is to identify the profile and preferences of prospective buyers. In most cases, they concern seniors' preferences regarding new housing products (socalled senior housing). In this paper, we undertook to identify senior buyers' revealed preferences in the secondary housing market in Poznań. To this end, we collected information on transactions concluded in the abovementioned market in the years 2010-2016. The base was supplemented with data from land and mortgage registers (information about the gender and age of buyers, and the method of financing the purchase of a property), data from the Register of Land and Buildings and with the use of Google Street View. In different sections of the paper, we included an overview of literature concerning methods of the analysis of consumer preferences and studies of housing preferences, we discussed research methods and sources of data, and finally, we presented the research findings and conclusions.

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Section: Literature Reviewmentioning

confidence: 99%

Seniors’ revealed preferences in the housing market in Poznań

Tanaś¹,

Trojanek²,

Trojanek³

2019

Economics &Amp; Sociology

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“…Respondents also drew attention to the prevalence of short-lived agreements: 'people currently negotiate rents and enter into agreements for shorter periods due to the uncertain times.' In turn, another one of the surveyed staff members of the real estate office noted that 'the tenants expect larger apartments with a little garden or a balcony,' which of course may in the future impact long-term changes in housing market preferences (not only in the rental housing market), accounting for the necessity to revise findings of research conducted hitherto (even the latest one) not only in terms of the real estate market in Krakow (Głuszak & Małkowska, 2017;Głuszak, 2018;Tomal, 2020b) but also in other parts of Poland (Źróbek-Różańska & Szulc, 2018;Tanaś, Trojanek, & Trojanek, 2019;Jancz & Trojanek, 2020) and around the world (Sika & Vidová, 2017;Soon & Tan, 2019;Opit, Witten & Kearns, 2019).…”

Section: Resultsmentioning

confidence: 99%

The COVID-19 pandemic impact upon housing brokers’ workflow and their clients’ attitude: Real estate market in Krakow

Marona¹,

Tomal²

2020

EBER

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“…Additionally, the locational attributes vary largely within the metropolitan area, making their effect on price all the more inconsistent. Evidence from previous research indicate that the relationship between housing prices and locational attributes is worthy of further inquisitive effort (Głuszak, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Housing Prices in a Market Under Years of Constant Transformation: A County-Based Analysis of Istanbul

Ucal¹,

Kaplan²

2020

EBER

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The objective of the article is to present a comprehensive approach to analysing Istanbul's housing prices, using a hedonic price model with a large dataset and a single variable for locational attributes. Research Design & Methods: The analysis of consequent housing prices in İstanbul's counties with hedonic price modelling and the extrapolation of results by comparing the prices to the human development level of counties. We use multiple regression and Ordinary Least Squares (OLS) methods to estimate two semi-log hedonic price models for two time periods. Findings: The relationship between socioeconomic development levels and housing prices varies for counties under different urban transformation processes. Implications & Recommendations: The results are useful for the housing price analysis in Istanbul. The housing prices appear to follow the socioeconomic development level of the county in which a house is located, thus showing variations between different counties. The relationship between housing prices and urban transformation processes should be approached with caution by policymakers, as the outcomes may disturb both the sociological and economic balance in the long run. Contribution & Value Added: The study contributes to the existing research on housing price analysis by interpreting locational attributes as a whole and housing research at large by combining hedonic price modelling and case study methods. Article type: research article

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Externalities and House Prices: A Stated Preferences Approach

Cited by 11 publications

References 66 publications

Seniors’ revealed preferences in the housing market in Poznań

Seniors’ revealed preferences in the housing market in Poznań

The COVID-19 pandemic impact upon housing brokers’ workflow and their clients’ attitude: Real estate market in Krakow

Housing Prices in a Market Under Years of Constant Transformation: A County-Based Analysis of Istanbul

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