Abstract
Using data from 8 renovated historical blocks in China, the influence of social-demographic characteristics and residential satisfaction on the intention to move is analysed using multinomial logit models. To explore the observed and unobserved heterogeneity among individuals, a mixed logit model was adopted. The model results indicate that older residents and residents who live in blocks during the middle renovation stage are less interested in relocating. Higher residential satisfaction will lead to a lower intention to move house, and housing satisfaction and satisfaction with the living environment have a higher impact compared with satisfaction related to other residential dimensions. Moreover, the interaction between neighbourhood satisfaction and renovation stages was found influential, while the unobserved taste variation between residents was not identified.
Highlights
Most adults will or have experienced a residential move at least once in their lifetime
Higher residential satisfaction will lead to a lower intention to move house, and housing satisfaction and satisfaction with the living environment have a higher impact compared with satisfaction related to other residential dimensions
As the aim of this paper is to examine the determinants of intention to move considering the heterogeneity in renovated Chinese historical blocks, the influence of social-demographic variables, residential satisfaction and heterogeneity will be analysed stepwise
Summary
Most adults will or have experienced a residential move at least once in their lifetime. Residential mobility consists of three stages: intention to move, the selection of the dwelling and location, and the real move (Speare et al 1975). The intention to move refers to the first phase of the residential mobility process in which an individual or household develops the idea to relocate. It triggers a process of latent or actual exploring the housing market and searching for a house. If the search is successful, the intention to move is translated into the selection of a new housing, with a particular profile located in somewhere space. Once the new house has been selected, it is followed by the actual move, in which households physically move from their old to the newly selected house
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