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Factors Affecting Motives For Housing Demand: The Case Of A Turkish Province

Listed author(s):
  • Ömer ALKAN

    ()

    (Atatürk University, Department of Econometrics, 25240, Erzurum, Turkey)

  • Abdulkerim KARAASLAN

    ()

    (Atatürk University, Department of Econometrics, 25240, Erzurum, Turkey)

  • Hayri ABAR

    ()

    (Atatürk University, Department of Econometrics, 25240, Erzurum, Turkey)

  • Ali Kemal ÇELIK

    ()

    (Atatürk University, Department of Quantitative Methods, 25240, Erzurum, Turkey)

  • Erkan OKTAY

    ()

    (Atatürk University, Department of Econometrics, 25240, Erzurum, Turkey)

Registered author(s):

    In the contemporary era, housing sector overwhelmingly comes into prominence more than ever along with manifold triggers such as advances in construction technology, migration density from rural to urban areas, restructuring of seismic territories, urban transformation, and substantial changes in the socio-economic structure. The creation of more efficient living areas can be enabled by paying careful attention to the underlying changes, establishing the increase on the well-being, and more specifically, interpreting the reasons for housing demand of potential consumers. In that context, this study aims to determine the factors affecting motives for the housing demand in a Turkish province, Erzurum through a questionnaire. The questionnaire addresses the potential motives for housing demand into four main categories: owner occupancy, children’s occupancy, rental income, and investment planning. The cross-sectional data of the questionnaire were analyzed using the multinomial logit model. The estimation results showed that the motives for housing demand were mostly effected by occupation and age of the respondents, however several other factors were found to have a significant effect on their motives.

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    Article provided by Research Centre in Public Administration and Public Services, Bucharest, Romania in its journal Theoretical and Empirical Researches in Urban Management.

    Volume (Year): 9 (2014)
    Issue (Month): 3 (August)
    Pages: 70-86

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    Handle: RePEc:rom:terumm:v:9:y:2014:i:3:p:70-86
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    1. Van Ommeren, Jos & Koopman, Marnix, 2011. "Public housing and the value of apartment quality to households," Regional Science and Urban Economics, Elsevier, vol. 41(3), pages 207-213, May.
    2. Simon Cheng & J. Scott Long, 2007. "Testing for IIA in the Multinomial Logit Model," Sociological Methods & Research, , vol. 35(4), pages 583-600, May.
    3. Barrios García, Javier A. & Rodríguez Hernández, José E., 2008. "Housing demand in Spain according to dwelling type: Microeconometric evidence," Regional Science and Urban Economics, Elsevier, vol. 38(4), pages 363-377, July.
    4. Kenny, Geoff, 1999. "Modelling the demand and supply sides of the housing market: evidence from Ireland1," Economic Modelling, Elsevier, vol. 16(3), pages 389-409, August.
    5. Borsch-Supan, Axel & Heiss, Florian & Seko, Miki, 2001. "Housing Demand in Germany and Japan," Journal of Housing Economics, Elsevier, vol. 10(3), pages 229-252, September.
    6. Orazio Attanasio & Renata Bottazzi & Hamish Low & Lars Nesheim & Matthew Wakefield, 2012. "Modelling the Demand for Housing over the Lifecycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(1), pages 1-18, January.
    7. Han, Xuehui, 2010. "Housing demand in Shanghai: A discrete choice approach," China Economic Review, Elsevier, vol. 21(2), pages 355-376, June.
    8. Goodman, Allen C., 1990. "Demographics of individual housing demand," Regional Science and Urban Economics, Elsevier, vol. 20(1), pages 83-102, June.
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