Main attributes influencing the prices people pay for housing

Publisher:
UNSW
Publication Type:
Conference Proceeding
Citation:
Proceedings of CRIOCM 2007 International Research Symposium on Advancement of Construction Management and Real Estate, 2007, pp. 261 - 271
Issue Date:
2007-01
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This paper aims to explore the main attributes influencing the prices people pay for housing in order to get a better understanding of consumer preferences and market needs. A survey was undertaken in the Papatoetoe area of Manukau City in New Zealand. A total of 53 valid questionnaires were received out of 150 questionnaires distributed. The analysis results suggest that location, house price and social factors are core factors influencing house purchase behavior.
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