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Housing Prices and Housing Preferences in Israel

Author

Listed:
  • Eli Borukhov

    (Centre for Urban and Regional Studies, Tel Aviv University, Israel)

  • Yona Ginsberg

    (Centre for Urban and Regional Studies, Tel Aviv University, Israel)

  • Elia Werczberger

    (Centre for Urban and Regional Studies, Tel Aviv University, Israel)

Abstract

Israel's housing market differs from other countries in that most of the urban population lives in owner-occupied apartments in multi-family buildings. This paper is concerned with the implications of this situation for housing preferences. The study is based on the prices of a sample of apartments offered for sale in the Tel Aviv metropolitan area. Using multiple regression analysis hedonic price indexes were obtained for a large number of characteristics of the apartment, the building, adjacent properties, the neighbourhood and the location in the metropolitan area. It was found that a premium is paid for characteristics which facilitate maintenance and for features which serve as indicators for the social composition of the neighbours and their attitudes.

Suggested Citation

  • Eli Borukhov & Yona Ginsberg & Elia Werczberger, 1978. "Housing Prices and Housing Preferences in Israel," Urban Studies, Urban Studies Journal Limited, vol. 15(2), pages 187-200, June.
    • Handle: RePEc:sae:urbstu:v:15:y:1978:i:2:p:187-200
    DOI: 10.1080/713702323
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    References listed on IDEAS

    as
    1. John F. Kain & John M. Quigley, 1975. "Introduction to "Housing Markets and Racial Discrimination: A Microeconomic Analysis"," NBER Chapters, in: Housing Markets and Racial Discrimination: A Microeconomic Analysis, pages 1-8, National Bureau of Economic Research, Inc.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Schnare, Ann B. & Struyk, Raymond J., 1976. "Segmentation in urban housing markets," Journal of Urban Economics, Elsevier, vol. 3(2), pages 146-166, April.
    4. John F. Kain & John M. Quigley, 1975. "Housing Markets and Racial Discrimination: A Microeconomic Analysis," NBER Books, National Bureau of Economic Research, Inc, number kain75-1, March.
    5. Lucas, Robert E B, 1975. "Hedonic Price Functions," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 157-178, June.
    6. John F. Kain & John M. Quigley, 1975. "Racial Discrimination in Urban Housing Markets," NBER Chapters, in: Housing Markets and Racial Discrimination: A Microeconomic Analysis, pages 56-91, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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