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Pull Factors Attracting Residents to Finnish Senior Houses

Author

Listed:
  • Tanja Tyvimaa

    () (M.Sc. (civ.eng.) Researcher, Tampere University of Technology, Tampere, Finland, P.O. Box 600, FI-33101 Tampere, Finland; Phone: +358 40 865 5324; Fax: +358 3 3115 2161)

  • Karen M. Gibler

    () (Associate Professor, Department of Real Estate, Georgia State University, P.O. Box 3991, Atlanta, GA 30302-3991;Phone:404-413-7725; Fax:404-413- 7736)

Abstract

Most elderly Finnish residents prefer to age in place, but some relocate because of push factors that create stress in their current homes and pull factors that attract them to a new dwelling. This survey examines the important pull factors that attract seniors to senior houses. Grocery nearby is the strongest pull factor followed by hospital or medical center and public transportation. A factor analysis reveals that attributes can be grouped into three factors: onsite services that allow the residents to maintain an active lifestyle with some luxury, everyday services and facilities that would enable aging in place, and physical activity facilities. Residents have chosen the type of senior housing that supports their lifestyle. Meanwhile, socioeconomic characteristics do not explain the differences in the types of features that attract residents.

Suggested Citation

  • Tanja Tyvimaa & Karen M. Gibler, 2012. "Pull Factors Attracting Residents to Finnish Senior Houses," International Real Estate Review, Asian Real Estate Society, vol. 15(2), pages 165-188.
  • Handle: RePEc:ire:issued:v:15:n:02:2012:p:135-188
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    File URL: http://www.umac.mo/fba/irer/papers/current/vol15n2_pdf/02.pdf
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    References listed on IDEAS

    as
    1. 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.
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    More about this item

    Keywords

    Senior house; Push and pull factor; Relocation;

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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