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Examining Retirement Housing Preferences Among International Retiree Migrants

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Author Info

  • Karen M. Gibler

    ()
    (Georgia State University)

  • Paloma Taltavull

    ()
    (University of Alicante)

  • Jos?Manuel Casado-Dˆqaz

    ()
    (University of Alicante)

  • Mari Angeles Casado-Dˆqaz

    ()
    (University of West England)

  • Vicente Rodriguez

    ()
    (Higher Council for Scientific Research)

Abstract

Housing demand models based on individual consumers' utility function reflect preferences about the structure and lot, neighborhood, and location as related to socioeconomic characteristics of the occupants. As a growing proportion of aging residents in many countries are undertaking late life moves, their preferences will have an influence on destination housing markets. We examine the characteristics, attitudes and preferences about retirement housing among immigrant retirees currently living in traditional housing in a retirement destination in Alicante, Spain. Using results from a survey of German and British retirees living in the region, we find through logistic regression that preference for retirement housing is associated with aging and gaining access to in-home support services.

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Bibliographic Info

Article provided by Asian Real Estate Society in its journal International Real Estate Review.

Volume (Year): 12 (2009)
Issue (Month): 1 ()
Pages: 2-22

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Handle: RePEc:ire:issued:v:12:n:01:2009:p:2-22

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Postal: Asia Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
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Web page: http://www.asres.org/

Order Information:
Postal: Asian Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
Email:
Web: http://www.asres.org/

Related research

Keywords: Housing preferences; Demographic trends; Seniors housing;

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References

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  1. Isaac F. Megbolugbe & Allen P. Marks & Mary B. Schwartz, 1991. "The Economic Theory of Housing Demand: A Critical Review," Journal of Real Estate Research, American Real Estate Society, vol. 6(3), pages 381-393.
  2. Modigliani, Franco, 1986. "Life Cycle, Individual Thrift, and the Wealth of Nations," American Economic Review, American Economic Association, vol. 76(3), pages 297-313, June.
  3. Gibler, Karen M. & Moschis, George P. & Lee, Euehun, 1998. "Planning to move to retirement housing," Financial Services Review, Elsevier, vol. 7(4), pages 291-300.
  4. Gary Fournier & David Rasmussen & William Serow, 1988. "Elderly migration: For sun and money," Population Research and Policy Review, Springer, vol. 7(2), pages 189-199, May.
  5. Artle, Roland & Varaiya, Pravin, 1978. "Life cycle consumption and homeownership," Journal of Economic Theory, Elsevier, vol. 18(1), pages 38-58, June.
  6. Theron R. Nelson & Joseph Rabianski, 1988. "Consumer Preferences in Housing Market Analysis: An Application of Multidimensional Scaling Techniques," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(2), pages 138-159.
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