Reasoning behind choices: rationality and social norms in the housing market behaviour of first-time buyers in the Czech Republic

Lux, Martin; Gibas, Petr; Boumová, Irena; Hájek, Martin; Sunega, Petr

doi:10.1080/02673037.2016.1219331

Cited by 26 publications

(10 citation statements)

References 52 publications

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“…Na vliv demografi ckých determinantů, ale i daňové politiky státu a cen stavebních prací upozorňovali již Poterba, Weil a Shiller (1991). Lux et al (2017) Mikeszová (2008). I přes problém s nedostatkem vstupních dat zjistila relativně vyšší rozdíly v regionální fi nanční dostupnosti bydlení u nižší příjmové skupiny obyvatel oproti vyšším příjmovým skupinám.…”

Section: Heterogenita Trhu S Nemovitostmi a Determinanty Ovlivňující unclassified

“…Kromě v tabulce 1 uvedených determinantů lze v literatuře najít i další témata, jako například vliv lokality (Glaeser, Gottlieb a Tobio, 2012) a vzájemný vliv regionů (Zimmer, 2015), kdy vliv můžou mít rozdílné ekonomické, demografi cké a další charakteristiky dopravně blízkých regionů, případně rozdíly v sociálním postavení významných skupin obyvatelstva (Lux et al, 2017). Rovněž se v poslední době s odlišnými závěry diskutuje vliv kriminality na ceny nemovitostí (např.…”

Section: Heterogenita Trhu S Nemovitostmi a Determinanty Ovlivňující unclassified

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Demand and Supply Determinants on the Property Market and Their Importance in Explaining Regional Differences

Votava¹,

Komárková²,

Dvořák³

2021

Politicka ekonomie

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Demand and Supply Determinants on the Property Market and Their Importance in Explaining Regional Differences There is growing interest in property prices and price trends at national and regional levels. The paper aims to find links between selected demand and supply determinants based on a panel regression of regional data during 2000-2017 and to contribute to further discussion of the role of these determinants. The main output of the paper is the identification of regional differences in the direction and strength of the influence of individual determinants on the flat price. Regional differences were identified in the midyear population, the number of inhabitants per completed flat, the number of applicants per job, the amount of household disposable income and the divorce rate. In Prague, the first three determinants were significant. The validity of the research is limited by the fact that some potentially significant data are not statistically monitored and data aggregated at the level of regions do not reflect local conditions. The output of the analysis shows determinants that explain the price variability and indicates unused economic policy instruments.

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Section: Heterogenita Trhu S Nemovitostmi a Determinanty Ovlivňující unclassified

Demand and Supply Determinants on the Property Market and Their Importance in Explaining Regional Differences

Votava¹,

Komárková²,

Dvořák³

2021

Politicka ekonomie

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“…In studies conducted on young people’s housing preferences and behaviours; their support expectations from parents in home-buying (Wong, 2017), how this support mechanism is related to parents’ course of life and housing career (Albertini et al , 2018), the effects of differences between generations (Stebbing and Spies-Butcher, 2016), the effects of the features of housing market and housing policies (Leonard (2013; Visser et al , 2013; Walter et al , 2015), the effects of education debts during and after studentship (Andrew, 2010), perception of shared housing and shared living (Bricocoli and Sabatinelli, 2016), the role of social norms and family relations (Lux et al , 2017), drawbacks in accessing social assistance mechanisms are seen to be examined (McKee, 2012). The first result that calls attention among overall results of these studies is the significant fall of the ratio for Generation Y to own a house compared to the previous generation.…”

Section: Literature Reviewmentioning

confidence: 99%

“Home-buying behaviour model of Generation Y in Turkey”

Kaya

Ozdemir

Dal

2019

IJHMA

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Purpose The young population in Turkey is gradually increasing. Generation Y, which comprises the people born between 1980 and 1999 (Broadbridge et al., 2007) and free-spirited and tech-savvy, forms a large part of the population of the world, especially Turkey, and is of great importance to the housing sector for their home-buying preferences. In this study, housing preferences of students in Turkey’s two socio-economically different universities were comparatively analysed through quantitative methods. Design/methodology/approach A survey was simultaneously distributed among students of two universities. The survey consists of six main factors: “reliability”, “economic opportunities”, “transportation opportunities”, “quality of life and social opportunities”, “quality standards”, and “technological opportunities”, with 25 statements. The questionnaire was developed through a comprehensive literature review and the opinions of university stakeholders. Findings Results showed that the structure of the family and socio-economic differences affect home-buying preferences. The Mann–Whitney U test indicated that there was a meaningful difference of opinion between students of two universities. Munzur University students paid attention to economic opportunities when buying a home. Additionally, there was a meaningful relationship among the age groups in factors of “having a parking place” (p = 0.026) and “having a playground” (p = 0.026). As the age increases, students desire a playground around their future home. Research limitations/implications The most important limitation of this study is the non-parametric data. Non-parametric data structure and the tests performed accordingly are less preferred than parametric data structure. For that reason, to what extent the results accurately represent Generation Y needs to be assessed through future study. Also, a certain number of sampling could be reached as purposive sampling was used. Originality/value This study contributes to the literature in terms of comparatively analysing buying preferences of Generation Y through statistical methods and showing the relationship between these preferences and socio-economic features statistically. Due to the insufficient quantitative research on the literature, this quantitative study was carried future home-buying preferences of Generation Y university students, who will also be actively involved in the housing market. The purpose of this study investigates marketing factors that affect housing preferences of students in Turkey.

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“…Zatímco v roce 1991 žilo ve vlastním bydlení 38 % domácností, v roce 2011 to bylo již 56 % českých domácností [ČSÚ 2003; dalších 9 % domácností žilo navíc v družstevním bydlení, které má v českém prostředí formálně sice charakter nájemního bydlení, ale fakticky vzhledem k dispozičním právům uživatelů těchto bytů má spíše charakter bydlení vlastnického. 1 Vlastnické bydlení se postupně po roce 1990 stalo sociální normou a statusovým symbolem, zatímco nájemní bydle-ní bylo stále více stigmatizováno jako pouze přechodné a reziduální bydlení pro mladé a příjmově slabé domácnosti [Lux et al 2017].…”

Section: úVodunclassified

Equal in Incomes, Unequal in Wealth? Housing Wealth Inequalities in the Czech Republic

Sunega¹,

Lux²

2018

Czech Sociological Review

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This article focuses on the problem of wealth inequalities as an as yet overlooked axis of social inequalities in the Czech Republic. Wealth inequalities and their development over time are measured here on the basis of the value of the real estate (a flat or house) in which the household lives. The value of household real estate has grown significantly in recent decades in the Czech Republic and Czechs still favour owner-occupied housing over other forms of housing tenure. Households whose parents were also homeowners enjoy an increasingly more evident advantage in acquiring owneroccupied housing themselves. Using selected indicators of income and wealth inequalities, this article shows that in every year observed in this study, wealth inequalities in the form of residential real estate were greater than income inequalities in Czech society. The article also finds that in the observed period lower-income homeowner households recorded lower unrealised yield on the price appreciation of the real estate they live in that higher-income homeowner households did. These findings have significant implications for measuring social inequalities, identifying potential barriers to the entry of new households into the owner-occupied housing segment, and the use of owner-occupied housing as a form of old-age security.

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Reasoning behind choices: rationality and social norms in the housing market behaviour of first-time buyers in the Czech Republic

Cited by 26 publications

References 52 publications

Demand and Supply Determinants on the Property Market and Their Importance in Explaining Regional Differences

Demand and Supply Determinants on the Property Market and Their Importance in Explaining Regional Differences

“Home-buying behaviour model of Generation Y in Turkey”

Equal in Incomes, Unequal in Wealth? Housing Wealth Inequalities in the Czech Republic

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