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

Abstract

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.

SANTRUKA

Vykdant tyrimus svarbus uždavinys ‐ ivertinti aplinkos kokybes vaidmeni renkantis busta, nepamirštant su paklausa susijusiu aplinkybiu, kurias lemia ekonominiai ir socialiniai bei kultūriniai pokyčiai miestu ir didmiesčiu būsto rinkose. Kai paklausa yra ivairi, vartojimo polinkiai suformuoja skirtingu pageidaujamu savybiu komplekta. Praktine prasme tokius rezultatus galima gauti ivertinus aplinkos požymius pagal santykine ju svarba namo pirkejui arba nuomininkui. Pavyzdžiui, šia procedūra galima atlikti lyginant požymiu poras pagal ekspertu vertinimus ir taikant analitini hierarchini procesa (AHP). Šis tyrimas pagristas ekspertu sudarytais gyvenamosios vietos kokybes aprašymais Budapešto centre ir remiasi ankstesniais būsto rinkos analizes darbais. Šiame darbe demesys atkreipiamas i viena problema, būdinga pokomunistinems šalims ‐ siūlomu produktu grupiu asortimentas neatitinka pirkejo pageidavimu. Pirkejai vis dažniau akcentuoja kokybe ir diferencijuoja savo poreikius.

Keywords:

• Analytic hierarchy process (AHP)
• Budapest
• Expert judgements
• Housing consumption
• Inner city