Eres : Digital Library : Works

Paper eres2007_353:
Changes and Modifications in Residential Neighbourhoods as a Factor of Housing Pricing: Jerusalem and Haifa as Case Studies

id eres2007_353
authors Portnov, Boris
year 2007
title Changes and Modifications in Residential Neighbourhoods as a Factor of Housing Pricing: Jerusalem and Haifa as Case Studies
source 14th Annual European Real Estate Society Conference in London, UK
summary Households may undertake housing changes and modifications (HCMs) for two basic reasons increasing property value and gaining personal utility. In environmentally unfavourable or physically deteriorated neighbourhoods, in which no substantial price gain can be expected, HCMs may be motivated mainly by improving personal utility, rather than by maximizing return on HCMs. As a result, in such neighbourhoods relatively little accumulation of HCMs may occur. To verify this hypothesis, eight residential neighbourhoods in two large cities of Israel Jerusalem and Haifa, were analyzed. The incidence of HCMs was found to be related to neighbourhood and building characteristics, while the amount of accumulated post-occupancy HCMs helped to explain the variation of selling prices of apartments and houses.
series ERES:conference
discussion No discussions. Post discussion ...
ratings
session Session H4: Comparative Housing 3
last changed 2009/11/19 09:01
HOMELOGIN (you are user _anon_68238 from group guest) Powered by SciX Open Publishing Services 1.002