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Access to homebuyer credit and housing satisfaction among households buying affordable apartments in urban Vietnam

Author

Listed:
  • Nguyen, Anh Tuan
  • Tran, Tuyen Quang
  • Vu, Huong Van
  • Luu, Dat Quoc

Abstract

This study examines the relationship between the access to homebuyer credits and housing satisfaction among those buying affordable apartments, using a sample of 1,000 respondents from our own survey in 2016 in Hanoi, Da Nang and Ho Chi Minh Cities. Our regression analysis reveals the education level, the size and value of apartments are closely linked with the access to preferential homebuyer credits. Notably, we find that the access to preferencial home loans has a strongly positive impact on housing satisfaction, after controlling for all other factos in the model. Thus, the finding confirms that preferencial home loan programs play an important role in helping low income households own affordable apartments and increase their housing satisfation. We also find that some other features of their apartments, such as the number of bath rooms and balconies, the distance from the apartment building to schoosl, bus stations and markets, are strongly linked with housing satisfaction.

Suggested Citation

  • Nguyen, Anh Tuan & Tran, Tuyen Quang & Vu, Huong Van & Luu, Dat Quoc, 2016. "Access to homebuyer credit and housing satisfaction among households buying affordable apartments in urban Vietnam," MPRA Paper 94850, University Library of Munich, Germany, revised 19 Jun 2019.
    • Handle: RePEc:pra:mprapa:94850
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    1. Mehmedali Egemen, 2022. "Building Construction Clients’ Design Consultant and Contractor Selection Criteria Versus Post-Occupancy Satisfaction Levels," SAGE Open, , vol. 12(2), pages 21582440221, April.

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    Keywords

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    JEL classification:

    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy

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