Housing Prices and Housing Preferences in Israel

Eli Borukhov, Yona Ginsberg and Elia Werczberger
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Eli Borukhov: Centre for Urban and Regional Studies, Tel Aviv University, Israel
Yona Ginsberg: Centre for Urban and Regional Studies, Tel Aviv University, Israel
Elia Werczberger: Centre for Urban and Regional Studies, Tel Aviv University, Israel

Urban Studies, 1978, vol. 15, issue 2, 187-200

Abstract: Israel's housing market differs from other countries in that most of the urban population lives in owner-occupied apartments in multi-family buildings. This paper is concerned with the implications of this situation for housing preferences. The study is based on the prices of a sample of apartments offered for sale in the Tel Aviv metropolitan area. Using multiple regression analysis hedonic price indexes were obtained for a large number of characteristics of the apartment, the building, adjacent properties, the neighbourhood and the location in the metropolitan area. It was found that a premium is paid for characteristics which facilitate maintenance and for features which serve as indicators for the social composition of the neighbours and their attitudes.

Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:15:y:1978:i:2:p:187-200

DOI: 10.1080/713702323

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