Investigating the factors affecting the investment decision in residential development.
The purpose of this project is to provide a rare insight into the motivation behind residential property investors when looking to purchase an apartment. The factors driving demand preferences for housing are constantly changing, difficult to measure, and often deemed to be a complex bundle of attri...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2007
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| Online Access: | https://eprints.nottingham.ac.uk/21564/ |
| Summary: | The purpose of this project is to provide a rare insight into the motivation behind residential property investors when looking to purchase an apartment. The factors driving demand preferences for housing are constantly changing, difficult to measure, and often deemed to be a complex bundle of attributes. The project attempts to answer the following questions:
What are the factors affecting the investment decision in a Residential Development? To identify the significance and weight of such factors in the decision making process.
To what extent the rise in interest rates affect the customer's decision of different income profiles in purchasing a residential apartment?
The project is organized as follows. It starts with a brief outline of previous studies and literature on rational decision making and bounded rationality framework in the investment decision making. The literature review is followed by the primary data collection through two questionnaires to examine the significant factors affecting the investment decision making. The study uses factor analyses to understand the cluster of factors affecting the investment decision of people of different income profiles and regression analysis to identify the effect of rise in interest rates on people of different income groups. The study involves two hypotheses, first relates to the importance of On-site management and second relates to the effect of interest rates on the investment decision. |
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