IDEAS home Printed from https://ideas.repec.org/a/taf/rjelxx/v14y2006i3p345-380.html
   My bibliography  Save this article

Changes and Modifications in Residential Neighborhoods as a Factor of Housing Pricing: Jerusalem and Haifa as Case Studies

Author

Listed:
  • Boris Portnov
  • Larissa Fleishman
  • Yakov Odish

Abstract

Households may undertake housing changes and modifications (HCMs) for two basic reasons: increasing property value and gaining personal utility. In environmentally unfavorable or physically deteriorated neighborhoods, in which no substantial price gain can be expected, HCMs may be motivated mainly by improving personal utility, rather than by maximizing return on HCMs. As a result, in such neighborhoods relatively little accumulation of HCMs may occur. To verify this hypothesis, eight residential neighborhoods in two large cities in Israel, Jerusalem and Haifa, were analyzed. The incidence of HCMs was found to be related to neighborhood and building characteristics, while the amount of accumulated post-occupancy HCMs helped to explain the variation of selling prices of apartments and houses.

Suggested Citation

  • Boris Portnov & Larissa Fleishman & Yakov Odish, 2006. "Changes and Modifications in Residential Neighborhoods as a Factor of Housing Pricing: Jerusalem and Haifa as Case Studies," Journal of Real Estate Literature, Taylor & Francis Journals, vol. 14(3), pages 345-380, January.
    • Handle: RePEc:taf:rjelxx:v:14:y:2006:i:3:p:345-380
    DOI: 10.1080/10835547.2006.12090186
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10835547.2006.12090186
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10835547.2006.12090186?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rjelxx:v:14:y:2006:i:3:p:345-380. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rjel20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.