Housing satisfaction and its determinants among residents living in affordable apartments in urban Hanoi, Vietnam

Tuan Anh Nguyen, Tuyen Tran, Huong Van Vu and Dat Quoc Luu
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Tuan Anh Nguyen: University of Economics and Business, Vietnam National University, Hanoi, Vietnam and VietinBank Capital, VietinBank
Huong Van Vu: Department of Economics, Academy of Finance, Hanoi, Vietnam
Dat Quoc Luu: University of Economics and Business, Vietnam National University, Hanoi, Vietnam

No 3, Working Papers from Development and Policies Research Center (DEPOCEN), Vietnam

Abstract: Using a novel dataset involving 450 respondents living in affordable apartments in urban Hanoi, this study examines the level of housing satisfaction and its correlates. We find that housing satisfaction is positively associated with household income but negatively related to education. Interestingly, the study finds that residents borrowing from banks to buy home are less satisfied with their home than their non-borrowing counterparts. We also find that respondents’ positive evaluation of their apartments, such as the design, construction quality and price of apartments, are strongly linked with housing satisfaction. In addition, the location of and environmental quality surrounding the housing area were found to be major factors affecting housing satisfaction.

Keywords: affordable apartment; housing satisfaction; social apartment; cheap commercial apartment. (search for similar items in EconPapers)
JEL-codes: D11 D4 D6 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2017-03
New Economics Papers: this item is included in nep-sea, nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:dpc:wpaper:0317

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