Differences in Demographic Characteristics of Potential Acquirers of Real Estate Rights: Cases from Slovenia and Japan

Bojan Grum

doi:10.4236/cus.2014.22011

Abstract

The aim of the study was to explore the role of demographic characteristics of potential acquirers of real estate rights. We were interested in whether the participants according to different origins of cultures and the basic demographic characteristics reflect a statistically significant difference. Results show that the participants who enter the Japanese real estate market are mainly male participants, who are single and have no children, and show a tendency to live in the city centre. Participants of both sexes enter the Slovene property market equally. On average they are married, childless and with a tendency to live at the outskirts of the city or inside agglomeration. Slovene participants expressed significantly higher satisfaction with the current residential status, which we relate to the findings that apartment owners compared to tenants express higher satisfaction with their living environment and are socially more active in their living environment.

Highlights

Expectations of potential real estate buyers regarding the acquisition of real estate rights are diverse and differernt according to the demographic characteristics, buyers’ needs, their wishes and interests, lawful options and material ability in modern economic environments
We are interested in cross-cultural comparison of two different cultures, Slovenia as part of the European Union and Japan as a highly developed Asian country
We are interested in whether the participants according to different origins of cultures and the basic demographic characteristics, reflect a statistically significant difference

Summary

Introduction

Expectations of potential real estate buyers regarding the acquisition of real estate rights are diverse and differernt according to the demographic characteristics, buyers’ needs, their wishes and interests, lawful options and material ability in modern economic environments. By observing the participants on the market many researchers attribute general recognition to certain factors on the market (Cohen et al, 2005; Temeljotov & Zupančič, 2006; Thomas, 2008). Wong and Hui (2006) combine these factors into the factors of personal expectations and factors of external expectations. They link personal expectations to potential acquirers of real estate rights, in-. Differences in Demographic Characteristics of Potential Acquirers of Real Estate Rights: Cases from Slovenia and Japan.

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Conclusion