Demand for Housing Attributes in Developing Countries: A Study of Pakistan

Hafiz A. Pasha and Mohammad S. Butt
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Hafiz A. Pasha: Institute of Business Administration, University of Karachi, Karachi-75270, Pakistan
Mohammad S. Butt: Applied Economics Research Centre, University of Karachi, Karachi-75270, Pakistan

Urban Studies, 1996, vol. 33, issue 7, 1141-1154

Abstract: The paper has applied a conventional framework of analysis of implicit markets to determine the characteristics of demand for housing attributes of quantity and quality in the urban areas of a large, low-income developing country like Pakistan. Income elasticities generally appear to be low, although somewhat higher for indicators of quality. Own-price elasticities are high while the cross-price effects with respect to different attribute prices reveal the high degree of substitutibility among these attributes. Methodological innovations in the paper include the use of a weighted factor score for the measurement of housing quality and incorporation of the effect of changes in non-housing prices on demand for housing attributes. Given the large magnitude of own-price effects and the negative impact of a rise in non-housing prices, it appears that in the face of slow growth in real incomes and double-digit inflation in Pakistan residential overcrowding conditions are likely to worsen over time.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:33:y:1996:i:7:p:1141-1154

DOI: 10.1080/00420989650011555

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