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A Note on Housing Market Segmentation in an Israeli Development Town

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  • Stuart A. Gabriel

    (Department of Economics at the Ben Gurion University of the Negev, Beer Sheva, Israel)

Abstract

Wbile the Israeli experiment in new town development included an attempt to integrate immigrants of disparate African, Asian and European backgrounds, subsequent development patterns indicate that neighbourhood stratification has occurred based upon population origin, date of immigration and local housing conditions. This analysis develops a hedonic price model which enables the specification and testing of the segmentation hypothesis. Disaggregation by neighbourhood reveals significant variation in the magnitude and sign of implicit prices and thus conflicts with the assumption of a unified housing market model.

Suggested Citation

  • Stuart A. Gabriel, 1984. "A Note on Housing Market Segmentation in an Israeli Development Town," Urban Studies, Urban Studies Journal Limited, vol. 21(2), pages 189-194, May.
    • Handle: RePEc:sae:urbstu:v:21:y:1984:i:2:p:189-194
    DOI: 10.1080/00420988420080351
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    References listed on IDEAS

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    Cited by:

    1. Elif Alkay, 2008. "Housing Submarkets in Istanbul," International Real Estate Review, Global Social Science Institute, vol. 11(1), pages 113-127.
    2. Stephen Malpezzi, "undated". "Hedonic Pricing Models: A Selective and Applied Review," Wisconsin-Madison CULER working papers 02-05, University of Wisconsin Center for Urban Land Economic Research.
    3. Arnab Bhattacharjee & Eduardo Castro & João Marques, 2012. "Spatial Interactions in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal," Spatial Economic Analysis, Taylor & Francis Journals, vol. 7(1), pages 133-167, March.
    4. David C. Wheeler & Antonio Páez & Jamie Spinney & Lance A. Waller, 2014. "A Bayesian approach to hedonic price analysis," Papers in Regional Science, Wiley Blackwell, vol. 93(3), pages 663-683, August.
    5. Çağlayan Ebru & Arikan Eban, 2011. "Determinants of house prices in Istanbul: a quantile regression approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 45(2), pages 305-317, February.
    6. Joon Park, 2013. "The Division of Spatial Housing Submarkets: A Theory and the Case of Seoul," Environment and Planning A, , vol. 45(3), pages 668-690, March.
    7. Colin Jones & Chris Leishman & Craig Watkins, 2003. "Structural Change in a Local Urban Housing Market," Environment and Planning A, , vol. 35(7), pages 1315-1326, July.

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