The Effect of Renting Cost on Housing Demand in the Isfahan City Period of Time (1981-2011)

Amir Hortamani, Hossien Ostadi and Marzieh Memar

International Journal of Academic Research in Business and Social Sciences, 2014, vol. 4, issue 6, 551-561

Abstract: One of the major problems is the lack of investment in rental housing. Experience has shown that cash transfers under a proper system of financing not only will not lead to economic mobility but does observe the effects of inflation in the housing sector and being active in the market to buy and sell real estate as a rapid increase in housing prices provides asset forms. In this study, the demand for rental housing in particular, the factors and the fee will form around it. Statistics used in this study is the average of the OLS, attempted to estimate the parameters of the demand function for rental housing is in Isfahan province. Statistics and data have been used from 1360 to 1390.The test was performed using linear and logarithmic, and all parameters are tested. The results show that the cost of rent has a negative and significant effect on the number of rented houses in Isfahan. The results also suggest that higher income individuals either directly by increasing income or indirectly Significant positive effect on increasing the stock of rental housing demand Isfahan city.The facilities also have a positive effect on the dependent variable and suggest that the increased purchasing power facilities and will increase demand for rental housing.Results suggest that the cost of food and non-food household has a negative effect on the dependent variable set and shows that inflation and interest rates, purchasing power and demand for rental housing decrease in Isfahan province. The results also show a positive effect of population on the demand for rental housing, which indicates the population, could increase demand.

Keywords: Housing rent; Isfahan city; OLS method; demand function (search for similar items in EconPapers)
Date: 2014
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