Urban Housing Patterns in a Tide of Change

Download or read book Urban Housing Patterns in a Tide of Change written by Tom Kauko and published by IOS Press. This book was released on 2006 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of the housing markets in different European metropolitan areas is of high interest for the urban development and the real estate markets, which are moving towards globalisation. The Budapest housing market is an ideal candidate for scrutiny from an institutional and evolutionary perspective due to its fragmented nature: different house types, age categories, price levels and micro-locations are found side by side. This is a case in between' Eastern and Western settings, with its own distinctive path dependence - its development pattern does not resemble any other system. The study comprises an innovative economic analysis of the Budapest housing market structure. Applying the self-organising map and the learning vector quantification sheds light on how physical and socio-demographic characteristics, price and regulation are related in this market.