Economic Speculative Motives in Selling Relocation Houses and the Provision of Assets for Urban Settlements

Abstract

Objective - This research aims to analyze the impact of residential relocation to the change in social and economic conditions of the beneficiary. This change is then used to analyze whether it is related to the decision for selling, or putting out to lease, the relocation house. Methodology/Technique - Primary data is collected from 68 samples which are chosen by an area sampling method. The focus of the sample is on houses which are built between 2008 and 2010. The variables applied cover perception about the state of the relocation house, perceptions of change in social and economic conditions, perceptions of housing characteristics and perceptions of the existence of another residential house. This research uses a mixed method for analyzing and interpreting the results. A binary response model is used for quantitative analysis. Findings - The results shows that there is no significant change in the social and economic conditions of the beneficiary. The logistics model indicates there is no direct correlation between perceptions of the change in social economic conditions to the decision for selling or renting a relocation house. Novelty - The study looks at decisions for selling or renting s relocation house. Type of Paper - Empirical Keywords: Relocation; Speculative Motive on Housing; Binary Respond Model.