What is the worth of values in guiding residential preferences and choices?

The demographic, socio-economic and socio-cultural shifts that have taken place in Western economies in recent decades have generated a broader variety in housing behavior. For this reason, some researchers argue that socio-demographic characteristics alone no longer suffice to predict the housing demand. They should be supplemented with ...

Why is Housing Always Satisfactory? A Study into the Impact of Preference and Experience on Housing Appreciation

This study focuses on residents’ perceptions of residential quality concerning 23 different dwelling aspects. Respondents were asked to indicate their appreciation of these dwelling aspects on a scale ranging from 0 (‘‘extremely unattractive’’) to 100 (‘‘extremely attractive’’). The influence of two potential factors on the appreciation of...

Developing a House Price Index for The Netherlands: A Practical Application of Weighted Repeat Sales

This paper describes the development of a house price index that has been introduced in May 2005 in The Netherlands. This monthly index, called Woningwaarde Index Kadaster (House Price Index Kadaster), is designed to detect changes in the price of the overall stock of owner-occupied homes. Fifty-five indices are calculated: one overall index,...

Anchor Levels as a New Tool for the Theory and Measurement of Multiattribute Utility

This paper introduces anchor levels as a new tool for multiattribute utility theory. Anchor levels are attribute levels whose values are not affected by other attributes. They allow for new interpretations and generalizations of known representations and utility measurement techniques. Generalizations of earlier techniques can be obtained...