scholarly journals Determinants of Luxurious Condominium Prices in Bangkok CBD: A Case study of Encouraging Housing Affordability in Bangkok, Thailand

Author(s):  
Pornraht Pongprasert
Urban Studies ◽  
2018 ◽  
Vol 56 (13) ◽  
pp. 2709-2726 ◽  
Author(s):  
Ismael Yrigoy

In light of the advent of Airbnb, rent gap theory can be helpful for understanding how tourist rentals affect residential rental housing. It is argued that on those properties currently rented to residents, rental payments are not only ‘actual ground rent’, but also ‘potential ground rent’. The shift from a residential to a touristic use of rental housing thereby creates a potential ground rent. Taking as a case study the Palma Old Quarter in Mallorca, Spain, this paper analyses the evolution of the stock, prices, and revenues of residential rentals vis-à-vis tourist rentals and finds that, because it is more profitable to rent to tourists than to residents, the number of houses listed on Airbnb has increased, housing affordability for residents has shrunk, and the threat of displacement has increased.


2018 ◽  
Vol 58 (1) ◽  
pp. 19-27
Author(s):  
Kasphia Nahrin

Abstract Many cities in the North are adopting an inclusionary housing policy in response to housing affordability and social inclusion, which is implemented in very few cities in the South. There is a research gap to determine the potential of this planning instrument in the fast growing cities in developing countries. This research reviews the possibility of implementing inclusionary housing policies there. This is case study research, which has selected Dhaka, the capital city of Bangladesh, as a case study city. Data have been collected from both primary sources (site surveys and in-depth semi-structured interviews) and secondary sources. A qualitative thematic analysis has been performed. This research revealed that implementing inclusionary housing policy in Dhaka is currently challenging due to the lack of legal, financial and organisational capacity. However, this policy can be enabled through the revision of housing policy, the legal and institutional frameworks, financial mechanisms, the knowledge base, and finally through political will.


2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Seyda Emekci

AbstractThe housing affordability problem in Turkey is not new. With the pandemic increasing pressure on the economy, the issue of housing affordability problem has reached an alarming level. The problem has been deepened not only as a result of the pandemic but also due to the incomplete and wrong policies from the past. This paper on the one hand aims to examine how the pandemic has exacerbated the problem; on the other hand, it purposes to reveal that the problem has been handled incorrectly and how weaknesses in the policy strategies contribute to this problem through a case study of the low-income group. The article also focuses on how architects can contribute to solving this problem.


2018 ◽  
Vol 168 (1) ◽  
pp. 31-47
Author(s):  
Michael Vaughan ◽  
Ariadne Vromen ◽  
Fiona Martin

Concerns about housing affordability in Australian capital cities have captured the public and political imagination. How, then, do ordinary citizens discuss the causes of and solutions to the increasing unaffordability of housing? This article examines evidence that branded Facebook channels provide a space for citizens to engage in everyday engagement and interaction on housing issues. We argue that studying branded, public Facebook pages, despite data access limitations, is an important way of tapping into broad citizen sentiment and understanding media influence on topical issues. We also find that different ways of framing housing affordability within news reporting are associated with different patterns of citizen engagement and interaction on Facebook. In particular, generational frames (critically linking housing affordability to either older people’s entrenched economic advantage or young people’s inability to save) are associated with high levels of user engagement, but the lowest level of discussion about policy solutions within dominant comment threads.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yener Coskun

Purpose This paper aims to offer an extensive empirical case study analysis by investigating housing affordability in Turkey as a whole, and in Istanbul, Ankara and Izmir over the period of 2006 and 2017 and its sub-periods. Design/methodology/approach This paper develops a theoretically informed model to assess affordability using complementary methodologies in quantitative analysis. This study seeks to help outline the nature of the problem in aggregate level and in the cities; it also seeks to offer lessons about how to address measurement and modelling challenges in emergent market contexts by constructing aggregate-/city-level housing cost-to-income (HCI) ratio, adjusted HCI (AHCI) ratio, housing affordability index (HAI) and effective HAI sensitive to multiple calculation methodologies and alternative data set involving income distribution and poverty tranches. Findings HCI, AHCI, HAI and EHAI models generally suggest the parallel results: housing is not affordable in Turkey and in Istanbul, Ankara and Izmir except for the highest income groups. The evidence implies that besides macroeconomic instabilities, distorted interest rates and short average mortgage maturity, poverty and unequal income/wealth distributions are the main reasons of the Turkish housing affordability crisis specifically heightened in metropolitan areas such as in Istanbul. Research limitations/implications The evidence provides an insight on housing affordability problems in Turkey. However, small sample size and short observation period create a limit for generalisation of the findings. Further analysis would be required to illustrate how housing affordability changes in different cities of Turkey in a longer period. Practical implications By using empirical approaches, this paper helps to understand how serious housing affordability problems of Turkey in aggregate and urban levels. This evidence helps to explain declining ownership ratio in low-income groups and in urban areas. Reliable explanations on existing housing crisis of Turkey also help to develop affordable housing policies. Social implications Declining housing affordability and homeownership ratio may translate as the rising housing inequality and insecurity among Turkish households. Moreover, better affordability values of higher income groups suggest that existing inequality, economic/social segmentation, and hence social tension between high and low income groups, may further increase. In this respect, the authors suggest socially important policies such as reducing income/wealth inequalities and increasing affordable housing supply. Originality/value This study offers a detailed empirical case study analysis that can be used as an exemplar of how to overcome data constraints in other evolving housing market contexts. This study sets out an approach overcoming the challenges of measurement. This study also combines existing methodological approaches with the modified variables to provide a more realistic aggregate-/urban-level housing affordability picture. The authors calculated some parts of housing affordability ratio and index series using discretionary income, minimum wage and effective minimum wage to show the variations of different measurement approaches. Some constructed series are also sensitive to income distribution and poverty thresholds. Collectively, this empirical approach, developed by using emerging market data, provides a contribution to the literature.


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