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Housing satisfaction and its determinants among residents living in affordable apartments in urban Hanoi, Vietnam

Author

Listed:
  • Tuan Anh Nguyen

    (University of Economics and Business, Vietnam National University, Hanoi, Vietnam and VietinBank Capital, VietinBank)

  • Tuyen Quang Tran

    (University of Economics and Business, Vietnam National University, Hanoi)

  • Huong Van Vu

    (Department of Economics, Academy of Finance, Hanoi, Vietnam)

  • Dat Quoc Luu

    (University of Economics and Business, Vietnam National University, Hanoi, Vietnam)

Abstract

Using a novel dataset involving 450 respondents living in affordable apartments in urban Hanoi, this study examines the level of housing satisfaction and its correlates. We find that housing satisfaction is positively associated with household income but negatively related to education. Interestingly, the study finds that residents borrowing from banks to buy home are less satisfied with their home than their non-borrowing counterparts. We also find that respondents’ positive evaluation of their apartments, such as the design, construction quality and price of apartments, are strongly linked with housing satisfaction. In addition, the location of and environmental quality surrounding the housing area were found to be major factors affecting housing satisfaction.

Suggested Citation

  • Tuan Anh Nguyen & Tuyen Quang Tran & Huong Van Vu & Dat Quoc Luu, 2017. "Housing satisfaction and its determinants among residents living in affordable apartments in urban Hanoi, Vietnam," Working Papers 182, Development and Policies Research Center (DEPOCEN), Vietnam.
    • Handle: RePEc:dpc:wpaper:0317
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    References listed on IDEAS

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    Cited by:

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    2. Linh Nguyen & Pauline van den Berg & Astrid Kemperman & Masi Mohammadi, 2020. "Where do People Interact in High-Rise Apartment Buildings? Exploring the Influence of Personal and Neighborhood Characteristics," IJERPH, MDPI, vol. 17(13), pages 1-23, June.

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    Keywords

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    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D6 - Microeconomics - - Welfare Economics
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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