Housing preferences of residents in Stellenbosch, South Africa. --- An application of the Hedonic Price Model
Date
2005-12
Authors
Shi, Lin
Journal Title
Journal ISSN
Volume Title
Publisher
Stellenbosch : University of Stellenbosch
Abstract
The issue of housing choice and preferences has been and still is the subject of much academic
attention from researchers in many different disciplines. Stellenbosch, the oldest town in South
Africa second to Cape Town, is undoubtedly the most scenic and historically well-preserved town
in Southern Africa. With this plurality of attractive features, the housing market in Stellenbosch has
become one of the most active and expensive housing markets in South Africa. In this specifically
booming housing market, it is indispensable to conduct a housing preference and priorities study to
determine residents’ tastes and preferences, in order to help those concerned, residents, real estate
agents or people related to housing, to make better housing decision. At the same time, considering
the affluent housing market in Stellenbosch, sellers and real estate agents are facing the problem of
appraising the actual market value of houses. There is an apparent lack of a normative method to
evaluate houses, and it is noteworthy that assessments almost always depend on the subjective
experience of sellers and real estate agents.
Description
Thesis (MSc (Consumer Science)--University of Stellenbosch, 2005.
Keywords
Dissertations -- Consumer science, Theses -- Consumer science, House buying -- South Africa -- Stellenbosch, Housing surveys -- South Africa -- Stellenbosch, Housing -- Research -- South Africa -- Stellenbosch, Home ownership -- South Africa -- Stellenbosch