2014
DOI: 10.1111/joca.12037
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The Potential for Consumer Segmentation in the Finnish Housing Market

Abstract: This article examines whether cluster analysis can be used to identify groups of Finnish residents with similar housing preferences. Because homebuilders in Finland have been providing relatively homogeneous products to an increasingly diverse population, current housing may not represent the occupiers' preferences so a segmentation approach relying on socioeconomic characteristics and expressed preferences may not be sufficient. We use data collected via questionnaire in a principal component analysis followe… Show more

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Cited by 29 publications
(27 citation statements)
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“…For example, the results indicated that a substantial number of Tampere inhabitants, especially those classified as Tribe 2 (Semi-urbanist) and Tribe 3 (Nature lovers), live in areas not matching their stated residential preferences. This mismatch between stated and revealed preferences accords with previous research, which identified the potential mismatch between the existing relatively homogeneous housing stock in Finland and increasingly heterogeneous consumer preferences [47]. The Finnish housing sector is strained by socioeconomic changes and rising expectations from customers for more customised housing to satisfy their preferences [47].…”
Section: Discussionsupporting
confidence: 76%
“…For example, the results indicated that a substantial number of Tampere inhabitants, especially those classified as Tribe 2 (Semi-urbanist) and Tribe 3 (Nature lovers), live in areas not matching their stated residential preferences. This mismatch between stated and revealed preferences accords with previous research, which identified the potential mismatch between the existing relatively homogeneous housing stock in Finland and increasingly heterogeneous consumer preferences [47]. The Finnish housing sector is strained by socioeconomic changes and rising expectations from customers for more customised housing to satisfy their preferences [47].…”
Section: Discussionsupporting
confidence: 76%
“…Both groups express similar levels of dissatisfaction with storage. To ensure sufficient observations across levels of the room satisfaction variables, very unsatisfied and fairly unsatisfied responses are combined into one category of "unsatisfied", resulting in three levels of responses used in the analysis [1].…”
mentioning
confidence: 99%
“…Processing of concrete parameters of wood-based houses users' characteristics that can be utilised for marketing enables a more eff ective recognition, addressing, and recruitment of the customers and the consequent users of these buildings. In contrast to the works by Gold, Rubik (2009) ;Gibler, Tyvimaa (2014); NAHB Research Center -National Association of Home Builders (2010) and Horsky, Varsno (2013) it is exactly the age, education, sex, type of ownership, sector and line of employment, type and size of municipality of the previous housing that form the recommended decisive parameters of the characteristics of the users for marketing of wooden constructions. The practical benefi t of this work for construction companies rests mainly in the possibility of starting to work themselves with the set segmentation of the market, addressing the potential customers of wooden constructions.…”
Section: Resultsmentioning
confidence: 94%
“…The result of the survey was four basic groups of customers distinguished by their houses' life cycle, requirements for recreational activities, and fi nancial situation. For more details see Gibler, Tyvimaa (2014).…”
Section: Discussionmentioning
confidence: 99%
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