A new affordable housing development and the adjacent housing-market response
نویسندگان
چکیده
Background: Cities continue to grapple with a rising demand for housing, which affects affordability and the well-being of its citizens. This growth continues put pressure on delivery adequate, affordable housing in well-located areas while availability infrastructure proximity economic nodes remains challenge. has led increasing infill development medium-density high-density greenfield located adjacent higher-income neighbourhoods. Aim: study investigates how new influences locational structural values adjacent, existing market. Setting: Transactional data residential sales two South Africa are used measure value change. Both within an urban setting next open, area that was redeveloped housing. Methods: Two case studies analysed hedonic pricing modelling identify change characteristics before after Results: The results reveal changing market as value, further highlighting importance careful planning preserves also supplies Conclusion: several properties will change, revealing just consumer preference responds when is introduced Distance project influence house consideration should be made integrate neighbourhood.
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ژورنال
عنوان ژورنال: South African Journal of Economic and Management Sciences
سال: 2021
ISSN: ['1015-8812', '2222-3436']
DOI: https://doi.org/10.4102/sajems.v24i1.3637