ERES:conference

Tenure choice has been one of the most studied concepts in the housing literature (for example, Rosen, 1979; King, 1980; Fallis, 1983; Henderson and Ioannides, 1983; Fu, 1991). In the econometric studies, tenure choice and mobility decisions are considered to be related (for example, Boehm, 1981; Ioannides, 1987;...

Real estate, especially housing, has an important share in the nationís wealth. For example, real estate constitutes 48.8% of total wealth in the world in 1991. Moreover, housing construction and its financing are two important factors that affect economic development in developed and...