An analysis of housing location attributes in the inner city of Budapest, Hungary, using expert judgements

The role of location quality in housing consumption is an increasingly important research objective given the demand‐side considerations stemming from economic and socio‐cultural changes in urban and metropolitan housing market areas. In circumstances involving diversified demand, the consumption pa...

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Published in:International Journal of Strategic Property Management
Main Author: Tom Kauko
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2007-12-01
Subjects:
Online Access:https://journals.vgtu.lt/index.php/IJSPM/article/view/7111
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author Tom Kauko
author_facet Tom Kauko
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container_title International Journal of Strategic Property Management
description The role of location quality in housing consumption is an increasingly important research objective given the demand‐side considerations stemming from economic and socio‐cultural changes in urban and metropolitan housing market areas. In circumstances involving diversified demand, the consumption pattern comprises a set of different preference profiles. From an operational point of view, such outcome can be generated through ranking location attributes with respect to their relative importance for the house buyer or renter. This procedure may, for example, be based on pair‐wise comparison of attributes based on expert judgements and the analytic hierarchy process (AHP). This study is based on expert elicited residential location quality profiles in the inner city of Budapest, and builds on prior work on housing market analysis reported elsewhere. Here the particular issue, typical for post‐communist circumstances, concerns a mismatch between the range of available product groups and the increasingly quality conscious and differentiated buyer preferences. Ekspertų vertinimais pagrįsta būsto aplinkos požymių analizė Budapešto (Vengrija) centre Santrauka Vykdant tyrimus svarbus uždavinys ‐ įvertinti aplinkos kokybes vaidmenį renkantis busta, nepamirštant su paklausa susijusiu aplinkybių, kurias lemia ekonominiai ir socialiniai bei kultūriniai pokyčiai miestu ir didmiesčiu būsto rinkose. Kai paklausa yra įvairi, vartojimo polinkiai suformuoja skirtingu pageidaujamu savybių komplektą. Praktine prasme tokius rezultatus galima gauti įvertinusaplinkos požymius pagal santykine jų svarba namo pirkėjuiarba nuomininkui. Pavyzdžiui, šia procedūra galima atlikti lyginant požymiu poras pagal ekspertu vertinimus ir taikant analitini hierarchini procesą (AHP). Šis tyrimas pagristas ekspertu sudarytais gyvenamosios vietos kokybes aprašymais Budapešto centre ir remiasi ankstesniais būsto rinkos analizes darbais. Šiame darbe dėmesysatkreipiamas į viena problema, būdinga pokomunistinėms šalims ‐ siūlomu produktu grupių asortimentas neatitinka pirkėjo pageidavimu. Pirkėjai vis dažniau akcentuoja kokybe ir diferencijuoja savo poreikius. First published online: 18 Oct 2010
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spelling doaj-art-ee3e3183c4d64bc9b6fc51f513e73eaa2025-08-19T20:01:42ZengVilnius Gediminas Technical UniversityInternational Journal of Strategic Property Management1648-715X1648-91792007-12-01114An analysis of housing location attributes in the inner city of Budapest, Hungary, using expert judgementsTom Kauko0Department of Geography, Norwegian University of Sciences and Technology, NTNU, Trondheim, Norway and OTB Research Institute for Housing, Urban and Mobility Studies, Delft University of Technology, Delft, The NetherlandsThe role of location quality in housing consumption is an increasingly important research objective given the demand‐side considerations stemming from economic and socio‐cultural changes in urban and metropolitan housing market areas. In circumstances involving diversified demand, the consumption pattern comprises a set of different preference profiles. From an operational point of view, such outcome can be generated through ranking location attributes with respect to their relative importance for the house buyer or renter. This procedure may, for example, be based on pair‐wise comparison of attributes based on expert judgements and the analytic hierarchy process (AHP). This study is based on expert elicited residential location quality profiles in the inner city of Budapest, and builds on prior work on housing market analysis reported elsewhere. Here the particular issue, typical for post‐communist circumstances, concerns a mismatch between the range of available product groups and the increasingly quality conscious and differentiated buyer preferences. Ekspertų vertinimais pagrįsta būsto aplinkos požymių analizė Budapešto (Vengrija) centre Santrauka Vykdant tyrimus svarbus uždavinys ‐ įvertinti aplinkos kokybes vaidmenį renkantis busta, nepamirštant su paklausa susijusiu aplinkybių, kurias lemia ekonominiai ir socialiniai bei kultūriniai pokyčiai miestu ir didmiesčiu būsto rinkose. Kai paklausa yra įvairi, vartojimo polinkiai suformuoja skirtingu pageidaujamu savybių komplektą. Praktine prasme tokius rezultatus galima gauti įvertinusaplinkos požymius pagal santykine jų svarba namo pirkėjuiarba nuomininkui. Pavyzdžiui, šia procedūra galima atlikti lyginant požymiu poras pagal ekspertu vertinimus ir taikant analitini hierarchini procesą (AHP). Šis tyrimas pagristas ekspertu sudarytais gyvenamosios vietos kokybes aprašymais Budapešto centre ir remiasi ankstesniais būsto rinkos analizes darbais. Šiame darbe dėmesysatkreipiamas į viena problema, būdinga pokomunistinėms šalims ‐ siūlomu produktu grupių asortimentas neatitinka pirkėjo pageidavimu. Pirkėjai vis dažniau akcentuoja kokybe ir diferencijuoja savo poreikius. First published online: 18 Oct 2010https://journals.vgtu.lt/index.php/IJSPM/article/view/7111Analytic hierarchy process (AHP)BudapestExpert judgementsHousing consumptionInner city
spellingShingle Tom Kauko
An analysis of housing location attributes in the inner city of Budapest, Hungary, using expert judgements
Analytic hierarchy process (AHP)
Budapest
Expert judgements
Housing consumption
Inner city
title An analysis of housing location attributes in the inner city of Budapest, Hungary, using expert judgements
title_full An analysis of housing location attributes in the inner city of Budapest, Hungary, using expert judgements
title_fullStr An analysis of housing location attributes in the inner city of Budapest, Hungary, using expert judgements
title_full_unstemmed An analysis of housing location attributes in the inner city of Budapest, Hungary, using expert judgements
title_short An analysis of housing location attributes in the inner city of Budapest, Hungary, using expert judgements
title_sort analysis of housing location attributes in the inner city of budapest hungary using expert judgements
topic Analytic hierarchy process (AHP)
Budapest
Expert judgements
Housing consumption
Inner city
url https://journals.vgtu.lt/index.php/IJSPM/article/view/7111
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