Gated communities from the perspective of developers

Tüzin Baycan-Levent () and Aliye Gülümser Akgün

ERSA conference papers from European Regional Science Association

Abstract: Gated housing areas have increasingly become a profitable segment in the real estate market as well as a new marketing angle for developers to meet the demand for security, status/prestige, and lifestyle. The development patterns of gated communities in many countries show that developers recognize the opportunity to sell safety and security to a niche market. Against this background, the aim of this paper is to investigate the development process of gated communities in a metropolitan city, Istanbul, from the perspective of developers. The data and information used for evaluation are based on the extensive survey questionnaires filled out by developers of gated communities. A “logistic regression method” is deployed to identify the most important factors on approaches and behaviors of developers. Therefore, the motivating factors both in the decision-making and production-marketing process of developers are evaluated. This evaluation enables us to highlight the characteristics of the real estate market.

Date: 2005-08
New Economics Papers: this item is included in nep-cwa, nep-geo and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa05p782

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