How much to invest for house purchase? The consumer purchase intention perspective of real estate investment decision

Shahriar Kabir, Zakia Binte Jamal and Bindu Proshad Kairy

International Journal of Housing Markets and Analysis, 2023, vol. 17, issue 4, 881-903

Abstract: Purpose - This study is based on the consumer purchase intention (CPI) in real estate. The purpose of this study is to investigate the link between CPI and preferred individual investment capacity in buying real estate properties. This study investigates if commonly known factors of CPI such as attitude, social power or subjective norms, perceived behavior power or control, location, surrounding environment and socialization can influence a consumer’s preferred investment amount when buying a house, either for own use or for rental purpose. Design/methodology/approach - A total of 334 respondents participated in this study. The survey data was analyzed using factor analysis technique, ordinary least square technique and Poisson pseudo maximum likelihood technique. Findings - This study finds that location, surrounding environment, property/construction papers, roads, mosque/temple and fire services significantly influence the preferred investment amount of a real estate investor. Originality/value - This study suggests that a link exists between CPI and real estate investment decision through factors such as location, surrounding environment, legal documentation and communication facility. These identified CPI factors require serious consideration by the real estate developers and their financing partners.

Keywords: Real estate; Investment; Factor analysis; PPML; Consumer purchase intension (CPI); Real estate developers (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijhmap:ijhma-10-2022-0151

DOI: 10.1108/IJHMA-10-2022-0151

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