Purchase Of Real Estate Research Articles

Determining customers’ preferences for housing attributes in India

Purpose The purpose of this paper is to understand customers’ preferences for housing attributes in India. Design/methodology/approach The study highlights the attributes important to the customer when purchasing residential property. The Kano model has been used to understand these preferences of consumers. The data are collected across Delhi and the National Capital Region and have been analyzed using the cross-tabulation approach. Findings Demographics of the consumers play an important role in deciding purchase of residential real estate. Because of their income level, Indian consumers prefer low-rise residential complexes. Originality/value The study helps to understand the diverse behavior of Indian consumers when they invest in the real estate sector, especially residential.

London and New York as a safe deposit box for the transnational wealth elite

The paper focuses on transnational wealth elites buying residential properties in New York and London as an investment rather than as a primary residence. The transnational wealth elite is a group of people that have their origin in one locality, but invest their wealth transnationally since they entertain transnational jobs, assets and social networks. New York and London real estate has the unique quality that it is perceived to be highly liquid, i.e. easily resold to other investors. Together with the safe haven and socio-cultural characteristics of both cities and the way the real estate market and its professionals are organised, global city residential real estate functions as a ‘safe deposit box’. The paper brings together different geographies: of the wealth elite, of offshore financial centres through which most real estate purchases are organised, and of real estate investment locations. It also maps the consequences of the safe deposit box function of real estate, in terms of not only house prices increases, but also of economic, social and cultural changes and how elite decision-making impacted this comprehensive set of changes in the fabric of the city. In doing this, the paper substantiates work on the financialisation of real estate by focusing attention on the agency of the wealth elite and their investment and legal networks rather than on property developers, housing associations or institutional investors.

The Problem and Solution on the Chinese's Purchase of Jeju-do Real Estate

The Problem and Solution on the Chinese's Purchase of Jeju-do Real Estate

Liquidity and the drivers of search, due diligence and transaction times for UK commercial real estate investments

Trading commercial real estate involves a process of exchange that is costly and which occurs over an extended and uncertain period of time. This has consequences for the performance and risk of real estate investments. Most research on transaction times has occurred for residential rather than commercial real estate. We study the time taken to transact commercial real estate assets in the UK using a sample of 578 transactions over the period 2004–2013. We measure average time to transact from a buyer and seller perspective, distinguishing the search and due diligence phases of the process, and we conduct econometric analysis to explain variation in due diligence times between assets. The median time for purchase of real estate from introduction to completion was 104 days and the median time for sale from marketing to completion was 135 days. There is considerable variation around these times and results suggest that some of this variation is related to market state, type and quality of asset, and type of participants involved in the transaction. Our findings shed light on the drivers of liquidity at an individual asset level and can inform models that quantify the impact of uncertain time on market on real estate investment risk.

Property and Secrecy

Real estate ownership is conventionally viewed as a clear matter of public record. Yet purchasers of real estate are increasingly employing legal techniques to preserve their anonymity by registering their properties through trustees or opaque shell companies. This turn of events calls for delineating the appropriate boundaries of secrecy in property.The Article identifies primary contexts in which the issue of secrecy comes up in the law, including in financial and proprietary settings, such as secret trusts or undisclosed accumulation of shares in public corporations. It then underscores the unique features of secrecy in real estate. It offers an innovative analysis of the ways in which anonymous property holdings might generate externalities for various types of stakeholders, from central and local governments up to neighboring property owners in both their individual and collective capacities, such as in a homeowner association. The analysis establishes normative criteria for requiring property owners to disclose relevant details. It calls, however, to distinguish between a duty to provide information and the operative results of such disclosure in regard to interested parties’ capacity to act on such information.This Article argues that, somewhat counter-intuitively, an elaborate discussion of the proper limits to the interest in secrecy would challenge prevailing forms of exclusion and other types of defensive or offensive tactics against “unwelcomed neighbors,” whenever such practices have no normative merit. The discourse on secret real estate holdings would therefore shed broader light on the underlying societal features of ownership.

Thank You

Thank You

Nixon’s Southern Strategy Rebuffed: Senator Marlow W. Cook and the Defeat of Judge G. Harrold Carswell for the U.S. Supreme Court

Nixon’s Southern Strategy Rebuffed: Senator Marlow W. Cook and the Defeat of Judge G. Harrold Carswell for the U.S. Supreme Court John Paul Hill (bio) When President Richard M. Nixon nominated G. Harrold Carswell, a judge on the U.S. Fifth Circuit Court of Appeals, to the U.S. Supreme Court on January 19, 1970, the administration—and many political observers—believed that the judge would have little difficulty gaining confirmation in the U.S. Senate. After all, Nixon’s first choice for that seat, Judge Clement Haynsworth of South Carolina, had been voted down by the Senate by a 55–45 margin, and no president had witnessed the rejection of two consecutive Supreme Court nominees since Grover Cleveland in 1894.1 Moreover, on paper Carswell appeared to be an especially attractive candidate. Not only [End Page 613] was he a conservative—the type of judge that Nixon had promised to appoint while running for president in 1968—but he was also a southerner by birth (Georgia) and residence (Florida). Thus, his elevation to the high court promised to enhance Nixon’s “southern strategy” of currying favor with the white South.2 Besides, even if the Senate’s liberal bloc objected to his conservatism, Carswell’s lengthy legal résumé would, on the surface, still make him a convincing choice for the court. Before his confirmation to the court of appeals in June 1969, the fifty-year-old Carswell had served as a U.S. attorney for five years, 1953–58, and then as a federal judge in the Fifth Circuit District (northern Florida) for eleven, 1958–69.3 Furthermore, Carswell had easily won Senate confirmation to his most recent position within the past year. The Nixon administration assumed, therefore, that Carswell would have little trouble gaining Senate approval once again.4 Likewise, national newspapers and magazines anticipated little trouble for Carswell.5 These optimistic forecasts could not have been more off the mark, as a rash of troubles soon beset the nomination. Under pressure from Nixon to fill the vacancy quickly, the Justice Department had failed to vet Carswell thoroughly and had thus missed several embarrassing incidents from the judge’s past that immediately called into question his suitability for the Supreme Court. These episodes included Carswell’s defense of white supremacy in a speech he had made while running for the Georgia state legislature in 1948; his drafting of a [End Page 614] charter, while serving as a U.S. attorney, that created a Florida State University football booster club limited to whites only; his assistance in creating a private corporation—again during his stint as a U.S. attorney—to assume control of an all-white public golf course under court order to desegregate; and his and his wife’s purchase and sale of real estate with a racially restrictive covenant in the deed. Moreover, out-of-state attorneys, especially black lawyers, had accused Carswell of exhibiting hostility toward them in all cases related to civil rights.6 Carswell’s problems multiplied when the Ripon Society, a liberal Republican organization, and the Columbia University–based Law Students Concerned for the Court released a study showing that appellate courts had reversed 40.2 percent of Carswell’s decisions that they had reviewed during his eleven-year stint as a judge in the Fifth Circuit District, giving him the seventh highest reversal rate of the sixty-seven judges whose service in the district had overlapped his.7 This last disclosure raised genuine concerns about the judge’s competence to sit on the nation’s highest court. These damaging revelations weakened Carswell’s candidacy but did not necessarily destroy it. In fact, as the Senate’s vote on his nomination on April 8, 1970, approached, most political prognosticators believed that Carswell still had a respectable chance of winning the simple majority needed for Senate confirmation. A March 20 Washington Post survey, for example, counted forty senators in favor of Carswell’s nomination, thirty-one senators opposed, and twenty-nine undecided.8 Realizing that the nomination was in peril, the Nixon administration launched a vigorous effort to woo the undecided senators. Chief among these senators was freshman Republican Marlow...

China’s Pseudo-monetary Policy*

China’s monetary stimulation after the global financial crisis rapidly boosted its GDP. We argue that its efficacy derives from state control over its banking and corporate sectors. Beijing ordered state-owned banks to lend and they lent. Beijing ordered centrally-controlled state-owned enterprises (SOEs) to invest and they invested. Our data show much of this investment was highly leveraged purchases of real estate and land prices rises occurred where these SOEs were active buyers. This episode mimics the credit channel for monetary policy, but actually entails internal transfers between arms of the government pressuring on real estate prices upwards.

Ecclesiastical Colony: China’s Catholic Church and the French Religious Protectorate by Ernest P. Young (review)

Overseas Chinese Christians, whether imbued with zealous evangelical passion or not, may bring in new religious ideas or introduce various resources that can change local Chinese Christianity through everyday interactions, informal contacts, or mutual engagement in other forms. Although this is sensitive in the current religious regulation system, ethnographers have reported that this kind of interaction between the overseas and the native in Chinese Christianity has proceeded significantly, maybe by using different tactful strategies to circumvent the political supervision. In sum, this carefully executed case study provides several well-stated interesting findings, which should not be missed by those who are interested in Overseas Chinese, Christianity in China, and economic behaviors related to religious values. KE-HSIEN HUANG Max Planck Institute for the Study of Religious and Ethnic Diversity, Göttingen ERNEST P. YOUNG, Ecclesiastical Colony: China’s Catholic Church and the French Religious Protectorate. New York: Oxford University Press, 2013. xii, 383 pp. US$74 (hb). ISBN 978-0-19-992462 This excellent monograph is no cure for the summer time blues; in fact, the more the central theme of the work is developed over the eleven chapters, the more depressed this reader felt. The growth of the Catholic Church in China from the nineteenth century until the ultimate demise of foreign control in the 1940s is shown to have been the product of scandalous behavior on behalf of the predominantly French religious and bureaucratic institutions that relied so heavily on the French Religious Protectorate. Furthermore, Professor Young works his way carefully through a thicket of bilingual treaties to show that both the foundation and the maintenance of this protectorate occurred through dubious legal means. I write more on the deliberate obfuscations of the French parties below. For now, I must also state that for all the heaviness of the work—one filled with rigorously documented tales of sexual malfeasance by priests, political intrigue, property theft, and blatant racism—there are also some rays of hope. Young’s work argues that even in the midst of an oppressive colonizing regime, the members of the Chinese Catholic Church were able to exercise their own agency and eventually take significant control of their destiny. Along the way we meet famous Chinese Catholics like Ma Xiangbo 馬相伯 and Ying Lianzhi 英斂之, foreign supporters like Vincent Lebbe and Anthony Cotta, and Vatican diplomats like Celso Costantini and Mario Zanin. The aptly named Ecclesiastical Colony is also marked by extensive use of Chinese voices to flesh out the narrative. Even this feature is notable as the privileging of local actors is not routine in works about Christian history in what were once mission lands (although the more recent secondary sources Young cites by authors like Robert Tiedemann, Henrietta Harrison, and Daniel Bays, among others, do strive hard to achieve this). The development of an inculturated church was a painful, uncertain process. Furthermore, even when Chinese Catholics had finally seen off the worst of the Protectorate’s influence, they were then faced with the militantly atheist 254 BOOK REVIEWS Communist Party. Yet, even so, the church communities have survived even this challenge. Young’s work shows how these communities weathered the troubles of the Protectorate and the terrors of their subsequent persecutions. While this work does not deal with the post-1949 period, Young’s persuasive argument illustrates how the Chinese Catholic Church was able to endure the vicissitudes of its existence. This book is thus essential reading for all who wish to understand the history, presence, and vitality of Chinese Catholicism today. So what then was the French Protectorate, and why did it matter? Young quotes the words of a French diplomat, Monsieur G. Cogordon writing to a superior in 1886, after a series of treaties between 1842 and 1865: ‘‘Thanks to this ingenious scheme that gives the appearance of Chinese ownership to lands bought by the missionaries, the latter could make themselves purchasers of real estate without any difficulty’’ (p. 32). The protectorate essentially revolved around defending two supposed rights. First, missionaries travelling under a French passport could journey wherever they wished in China. Second, they could not only buy new properties but also lay claim to church buildings that had been owned in earlier...

Real estate services structure evolution with internet and SWOT analysis

The purpose of this research is to analyse the impact of the internet on the real estate purchase transaction. The research issues we are interested in are: how to specify formally the evolution of real estate transactions? How the structure of the real estate transactions changes? What corporate strategies the online real estate companies bring to the market compared to traditional services? We use the Unified Modelling Language (UML) to describe the purchase transaction in the real estate industry both traditional and using the internet. We concentrate in this paper on activity and sequence diagrams. We discuss the changes relating to the agent role. Then, we map the range of services offered by the real estate websites within the geographical reach to describe the real estate structure change. Lastly, we evaluate corporate strategies for both traditional and online real estate companies using SWOT analysis. This shows the advantages and disadvantages of each case.

Fuzzy-GIS Approach for Applying the AHP Multi-Criteria Decision-Making Model to Evaluate Real Estate Purchases

Abstract This work presents a novel housing performance evaluation approach for evaluating real estate purchases in Taipei. The proposed approach focuses on encouraging purchases to achieve better housing performance and supporting the decision-making ability of homebuyers in housing comparison and selection. The proposed approach compares the features of different houses by integrating the fuzzy geographic information systems (GIS) method with an analytic hierarchy process (AHP). The comprehensive evaluation of uncertainty variable data comprises 20 objective housing performance indicators, which were selected from a review of existing evaluation models, and GIS that handle both spatial and non-spatial data, as well as a fuzzy set approach. The weights of each category and indicator are calculated using AHP analysis. Finally, the application model is established via a field case study. The proposed approach is applicable for objective and practical evaluations, as well as for the comparison of residential housing alternatives.

Tax-Exempt Bond Financing for Beginning and Low-Equity Farmers: The Case of ‘Aggie Bonds’

The “Aggie Bond” program was established in the 1980s to provide beginning and low-equity farmers access to capital. The bonds, which pay tax-exempt interest, may be used by qualifying famers for purchases of farm real estate and equipment. Using Aggie Bond data collected from states and Census of Agriculture data spanning 25 years, we examine whether the program has had an impact on farm entrance, land ownership, and the size of operation. We do not find strong evidence that the program led to an increase in the proportion of beginning farmers; however, we find limited evidence the program helped beginning farmers become full land owners as well as increased the rate of growth in the proportion of beginning farmers who are full land owners.

Tourism development and planning: The Case of Kalkan, Antalya, Turkey

This paper uses findings from research undertaken in 2005 by the author and two colleagues to discuss the shift from a comprehensive-holistic and integrated tourism planning to a market-oriented and ad hoc mode. It also discusses the implications of weak local policies in the absence of comprehensive and integrative regional planning frameworks. The original research was on the development and conservation problems experienced in the small tourism town of Kalkan in Turkey after changes to the legal system abolishing certain restrictions on foreign purchases of real estate. The researchers conducted a rapid assessment of the problems and issues and made recommendations for the local development and conservation of historical and natural sites. The report containing recommendations was prepared following a formal request from one of the non-governmental organizations in Kalkan. Thus, the selection of Kalkan was not a matter of considered academic choice. That said, the situation in Kalkan to a certain extent offers a good example of local sensitivity and concern regarding macro-economic policies decided at a national scale. At the time of writing, the report was the first written text reporting on local impacts of market liberalization and deregulation in the real estate sector.

The University in Crisis: Teaching, Tenure, and Transference in David Mamet's Oleanna

The University in Crisis:Teaching, Tenure, and Transference in David Mamet's Oleanna Naomi Morgenstern (bio) Nobody tells me anything. And I sit there . . . in the corner. In the back. And everybody's talking about "this" all the time. And "concepts," and "precepts" and, and, and, and, and WHAT IN THE WORLD ARE YOU TALKING ABOUT? And I read your book. And they said, "Fine, go in that class." Because you talked about responsibility to the young. I DON'T KNOW WHAT IT MEANS AND I'M FAILING. David Mamet, Oleanna I was always astonished as a student in higher education because I never had any idea of what everyone was talking about. David Mamet Scenes of Crisis In what way does the University continue to hold open a kind of utopian state of exception? The phrase "state of exception" refers us to Giorgio Agamben's discussion, via Carl Schmitt, of a suspension of the law in a state of emergency. Agamben writes, "the state of exception appears as a threshold of indeterminacy between democracy and absolutism" (3). This suspension can be invoked as a security measure (the kind of justified suspension of rights invoked, famously, by Clinton Rossiter in 1948: "No sacrifice is too great for our democracy, least of all the temporary sacrifice of democracy itself" [qtd. in Agamben, 9]), but it can also suggest the lifting of restraint that produces an idealized sphere of freedom and communication. In this utopian state of exception, one accesses not fewer rights but an almost primordial fullness, a state before rights, a state before the state, Locke's "America": "Thus, in the beginning, all the world was America" (Locke, 32). Within American higher education, such a space is often reserved for [End Page 1] the liberal arts college, which is imagined, and presents itself, as a kind of purified version of the university. Frederick Rudolph quotes a "relatively obscure Republican politician" whose words at an alumni banquet in 1871 evolved into "the most widely known aphorism in the history of American education": "'The ideal college is Mark Hopkins [beloved professor at Williams College] on one end of a log and a student on the other'" (243). The wilderness of a naturalized space of pedagogical exception is whittled down to one log and, as in Oleanna, the David Mamet play I want to go on to consider, the University appears in the concentrated form of an encounter between one teacher and one student. Arguably, however, it is not the quasi-natural location or the teacher-student relationship that defines the borders of the academic state of exception so much as the concept of tenure. Tenure, traditionally, opens up a protected space for the risk of learning, the risk of thought. And tenure, it turns out, is also crucial to any appreciation of Oleanna. David Mamet's 1992 play seems peculiarly attuned to the role tenure plays in what we might call academic border crises, and his professor-protagonist first registers this crisis in the form of a characteristically defensive review of his own motives in seeking tenure: I asked myself if I was wrong to covet it. And thought about it long, and I hope, truthfully, and saw in myself several things, in, I think, no particular order. (Pause) That I would pursue it. That I desired it, that I was not pure of longing for security, and that that, perhaps, was not reprehensible in me. . . . That tenure, and security, and yes, and comfort, were not, of themselves to be scorned; and were even worthy of honorable pursuit. . . . What was the price of this security? To obtain tenure. (44) The apologetic invocation of personal security here seems somewhat at odds with the most familiar defense of tenure, namely, that it protects intellectual freedom. Instead, the professor's remarks recall the play's opening lines, lines that play with both the feudal etymology of the word "tenure" and the professor's economic investment in achieving it. He is speaking to his wife, we soon come to realize, about their imminent real estate purchase: "And what about the land. (Pause) The land. And what about the land? (Pause) What about it? (Pause)" (1). A...

Use of Statistical Methods for the Analyses of Hypotheses “Purchase Real Estate Represents Protection Against Inflation”

Purchase of real estate is important from an economic perspective and individual perspective. On the price of real estate affected many technical and economic factors. One of them is inflation. The impact of inflation on the purchase and the price of real estate has already been studied many authors. But their opinions differ depending on the location where surveys were carried out. Therefore, we decided that with the help of different statistical methods, we examine the hypothesis “Purchase Real Estate Represents Protection Against Inflation” for the Slovenian real estate market. For the implementation of research, were used the following statistical methods: t-test, ANOVA, Levine test and post - hoc analysis. Based on the hypotheses and using statistical methods, we found that purchase of Real estate represent protection against inflation. The survey results will assist investors in deciding to purchase the real estate, scientists in developing the concept of methodological approaches for assessing real estate, real estate valuers in assessing real estate values in a given period and country in predicting and creation the state budget.

Revisiting The Household’s Savings Function In Karak, Pakistan

The present study was undertaken in Karak in 2011 to investigate household's savings behaviors in rural areas. A sample of 100 respondents was randomly selected and data was gathered through questionnaires. The pilot study was undertaken on 25 questionnaires to identify problems with our questionnaire and sampling techniques. During the pilot study, we observed that some of the respondents were reluctant to answer some key questions pertaining to income and consumption, for instance, and some other had problems with filling questionnaire which induced us for certain modifications. The data was analyzed using various forms of regressions while particular care was exercise to the underlying assumptions and data distribution. The techniques of estimations used were Ordinary Least Square (OLS) and Weighted Least Square (WLS). Our key conclusion is the rejection of common perception that lack of education in rural areas doesn't motivate household to save more. Rather, the conclusion, on the basis of empirical data, reached by the study found that low banking network, sensitivity to Islamic perception about interest earning, large family size and high unemployment of mature and educated dependents cause household's savings to be low. So it is recommended that govt. needs to launch employment-generation based projects in rural areas along with incentives packages to private sectors to extend banking facilities in rural areas, particularly Islamic banking services as well as proper population planning to control population growth. This will induce large number of small saver to develop banking habits and thus make savings more productive rather than keeping as idle cash balance or purchase of jewelry or real estate

Burmese Attitude toward Chinese: Portrayal of the Chinese in Contemporary Cultural and Media Works

This paper argues that since at least the mid 1980s, there has been an observable negative attitude among the people of Burma against the Chinese. Such sentiment is not just transient public opinion, but an attitude. The author measures it by studying contemporary cultural and media works as found in legally published expressions, so as to exclude any material rejected by the regime's censors. The causes of such sentiment are various: massive Chinese migration and purchases of real estate (especially in Upper Burma), Chinese money that is inflating the cost of everything, and cultural “intrusion.” The sentiment extends to the military, as well: the article examines a dozen memoirs of former military generals and finds that Burma's generals do not trust the Chinese, a legacy of China's interference in Burma's civil war until the 1980s. The public outcry over the Myitsone dam issue, however, was the most significant expression of such sentiment since 1969, when anti-Chinese riots broke out in Burma. The relaxation of media restrictions under the new government has allowed this expression to gather steam and spread throughout the country, especially in private weekly journals that are becoming more outspoken and daring in pushing the boundaries of the state's restrictions.

Chasing Housing Prices?

If a person or organization is planning to buy real estate in the future but is unable or unwilling to buy it now, how can they best hedge this purchase? In what class of asset should they invest their money until they are ready to purchase the real estate? This paper uses Monte Carlo simulation and bootstrap techniques to investigate the effectiveness of using traditional asset classes in managing the long-term risks associated with the future purchase of real estate. We find that the best purchase early hedge for both residential and commercial real estate is small value stocks. Small value stocks would be the most likely to provide returns at least as good as real estate and they would be least likely to suffer losses relative to real estate. The effectiveness of the hedge increases the longer the time horizon of the investor. Large value stocks and equity REITs are also quite good but not as good as small value stocks. Other asset classes are not nearly as effective. The least effective asset class is T-Bills.

The visions and strategies of the GCC countries from the perspective of reforms: the case of Qatar

The countries of the Arab Gulf have witnessed a wave of production of ‘national’ strategies and ‘vision’ initiatives, most of which have been developed by foreign firms and consultants, and many of which were drafted in English. Two examples of these that form the basis of analysis of this article are the Qatar National Vision 2030 (QNV) issued in 2008 and followed up by the Qatar National Developmental Strategy 2011–2016 (QNDS) in 2011. Neither document was subjected to public referendum, and many of those directly involved in Qatar's central planning were unable even to obtain copies until after publication in final form. Both are problematic for reason of vague or undefined terms, lack of concrete goals, as well as any explicit mention of political development in the country. Even more serious is the question of citizenship, where the huge expatriate populations and permanent residence concessions granted on the basis of ownership of real estate threaten to undermine Arab Qatari identity – a situation aggravated further when English was made the official language of instruction in education and a primary language of administration. This latter development also had the effect of dwindling participation of Qatari citizens in the labour force – already low at 14% in 2001 – to a mere 6% in 2009. The article examines four major deficiencies inherent in Qatar in light of the QNV and QNDS: economic–productive, labour force, political and security. Of these, mention of the political deficiency is conspicuously absent from both documents (where there is not a single mention of terms such as ‘democracy’, ‘citizenship’ or ‘elections’) and both the labour force and economic–productive deficiencies are addressed in terms more relevant and favourable to foreign concerns than those of native Qataris. In the final analysis, both the QNV and QNDS are reflective of Qatar's severe demographic anomaly where the number of Qatari citizens was estimated to be only 230,000 out of a total population of 1.64 million in 2010; and official policy in terms of both the labour market and the granting of permanent residence on the basis of unregulated foreign purchases of real estate and investment only serves to perpetuate an already precarious situation. If Qatar is unable to restructure and reform its policies to the benefit of the indigenous Arab population, the matter of identity and the future character of the country threaten to be matters of serious doubt by the end date of the QNV in 2030, if not well before then.

Induced Interval‐Valued Intuitionistic Fuzzy Hybrid Aggregation Operators with TOPSIS Order‐Inducing Variables

Two induced aggregation operators with novelly designed TOPSIS order‐inducing variables are proposed: Induced Interval‐valued Intuitionistic Fuzzy Hybrid Averaging (I‐IIFHA) operator and Induced Interval‐valued Intuitionistic Fuzzy Hybrid Geometric (I‐IIFHG) operator. The merit of two aggregation operators is that they can consider additional preference information of decision maker’s attitudinal characteristics besides argument‐dependent information and argument‐independent information. Some desirable properties of I‐IIFHA and I‐IIFHG are studied and theoretical analysis also shows that they can include a wide range of aggregation operators as special cases. Further, we extend these operators to form a novel group decision‐making method for selecting the most desirable alternative in multiple attribute multi‐interest group decision‐making problems with attribute values and decision maker’s interest values taking the form of interval‐valued intuitionistic fuzzy numbers, and application research to real estate purchase selection shows its practicality.