Main attributes influencing the prices people pay for housing
- Publication Type:
- Conference Proceeding
- Proceedings of CRIOCM 2007 International Research Symposium on Advancement of Construction Management and Real Estate, 2007, pp. 261 - 271
- Issue Date:
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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