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The Measurement of Housing Preferences in the Analytic Hierarchy Process

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  • Gawlik Remigiusz

    (Department of International Economic Relations Institute of Global Economics, Cracow University of Economics Faculty of Economics and International Relations Rakowicka 27, 31-510 Kraków, Poland)

  • Głuszak Michał

    (Department of Real Estate Economics and Investment Process Institute of Real Estate Market, Cracow University of Economics Faculty of Economics and International Relations Rakowicka 27, 31-510 Kraków, Poland)

  • Małkowska Agnieszka

    (Department of Real Estate Economics and Investment Process, Cracow University of Economics Faculty of Economics and International Relations Rakowicka 27, 31-510 Kraków, Poland)

Abstract

The paper focuses on an adaptation of the AHP method to elicit housing preferences on the rental market. To assess the applicability of the AHP method for residential market analyses, a survey was conducted on a group of students from Cracow University of Economics, Poland. The students were asked to evaluate the importance of particular criteria when selecting an apartment. We identified the major methodological difficulties of the utilization of the AHP method in applied research on preferences and decision-making on the housing market. Potential solutions to the mentioned limitations were also presented.

Suggested Citation

  • Gawlik Remigiusz & Głuszak Michał & Małkowska Agnieszka, 2017. "The Measurement of Housing Preferences in the Analytic Hierarchy Process," Folia Oeconomica Stetinensia, Sciendo, vol. 17(1), pages 31-43, June.
  • Handle: RePEc:vrs:foeste:v:17:y:2017:i:1:p:31-43:n:3
    DOI: 10.1515/foli-2017-0003
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    References listed on IDEAS

    as
    1. Mulliner, Emma & Smallbone, Kieran & Maliene, Vida, 2013. "An assessment of sustainable housing affordability using a multiple criteria decision making method," Omega, Elsevier, vol. 41(2), pages 270-279.
    2. Zopounidis, C., 1999. "Multicriteria decision aid in financial management," European Journal of Operational Research, Elsevier, vol. 119(2), pages 404-415, December.
    3. Umberto Di Matteo & Priscilla Maria Pezzimenti & Davide Astiaso Garcia, 2016. "Methodological Proposal for Optimal Location of Emergency Operation Centers through Multi-Criteria Approach," Sustainability, MDPI, vol. 8(1), pages 1-12, January.
    4. Mulliner, Emma & Malys, Naglis & Maliene, Vida, 2016. "Comparative analysis of MCDM methods for the assessment of sustainable housing affordability," Omega, Elsevier, vol. 59(PB), pages 146-156.
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    Cited by:

    1. Mateusz Tomal, 2022. "Testing for overall and cluster convergence of housing rents using robust methodology: evidence from Polish provincial capitals," Empirical Economics, Springer, vol. 62(4), pages 2023-2055, April.

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    More about this item

    Keywords

    housing preferences; rental market; Analytic Hierarchy Process; decision-making; student rentals;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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