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The influences of socio-economic forces on affordability behavior towards containing the gap between supply and demand in the housing markets

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  • Mohammed Itma

    (An Najah National University)

Abstract

Socio-economic factors depend on several aspects, such as income level, academic achievement, and job rank of the householder. These factors control housing decisions within a certain income level or social behaviour. This study discusses the impact of socio-economic factors influencing the demand for housing towards a stable, affordable housing market. The study follows a method of estimating the influences of socio-economic forces by surveying householders' opinions on their future choices in Nablus City. This estimation was used to develop a theoretical model of housing demands in sight of socio-economic forces: affordability, modernity, prestige, and social relations. The main conclusion sustains that social forces significantly affect the affordability behaviour of householders, which produces a gap between the supply and demand for affordable housing. However, considering such forces in the supply process leads to providing householders with adequate housing on the economic and social levels. Educating residents about the affordable behaviour of housing is also needed to achieve stability in the housing market.

Suggested Citation

  • Mohammed Itma, 2025. "The influences of socio-economic forces on affordability behavior towards containing the gap between supply and demand in the housing markets," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(1), pages 1-20, June.
    • Handle: RePEc:spr:inrvec:v:72:y:2025:i:1:d:10.1007_s12232-024-00480-9
    DOI: 10.1007/s12232-024-00480-9
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    References listed on IDEAS

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    1. Hannah Bargawi & Randa Alami & Hurriyah Ziada, 2022. "Re-negotiating social reproduction, work and gender roles in occupied Palestine," Review of International Political Economy, Taylor & Francis Journals, vol. 29(6), pages 1917-1944, November.
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    4. Beibei Zhang, 2020. "Social policies, financial markets and the multi-scalar governance of affordable housing in Toronto," Urban Studies, Urban Studies Journal Limited, vol. 57(13), pages 2628-2645, October.
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    More about this item

    Keywords

    Social relations; Housing economy; Socio-economic behaviour; Private sector; Palestine;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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