Analysis of the factors affecting the variation in prices of investment residential complexes
(Basmaya and Al-Ayadi) as a model
DOI:
https://doi.org/10.31973/21cayj66Keywords:
housing need, land value, housing complexes, housing supplyAbstract
There are several factors that play a direct role in the variation of residential complex prices, including the services associated with the complex and the activities it provides to its residents. The variation of residential investment unit prices and their high prices have an important impact on the process of purchasing these units, especially for low-income people. The reasons for the variation of residential unit prices in residential investment complexes are due to factors related to the type of residential units in terms of areas, design and construction elements, in addition to the nature of the services included in the complex, such as infrastructure and its quality, activities and services, such as: recreational sites, green spaces, parking lots, shopping centers, education, health, and site advantages. The main research problem is the variation of residential unit prices in investment complexes, and the aim of the research is to identify the factors affecting the variation of these prices, under the assumption that there is a group of influential factors related to the locational advantage of the complex in addition to the type of housing, its areas, and the nature of the services provided to the residents of the complex. In order to achieve the research objective, the variation of prices in the Bismayah and Al-Ayadi complexes was studied as a case study. The research found that there is a relationship between the prices of residential complexes due to several factors, including location and its characteristics, as land prices rise in city centers and decrease and fall in the outskirts, and prices are affected by neighboring urban areas, in addition to housing supply factors, including human factors, such as the size of families, their income level, and their housing preferences, and the production factor is a basic influence on the prices of residential units, in addition to construction costs and labor, and the spatial and qualitative characteristics associated with residential complexes in terms of the level of services and infrastructure, the availability of the transportation network, activities, and green spaces.
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