Please use this identifier to cite or link to this item:
http://hdl.handle.net/10071/10657
Author(s): | Ferreira, F. A. F. Jalali, M. S. |
Date: | 2015 |
Title: | Identifying key determinants of housing sales and time-on-the-market (TOM) using fuzzy cognitive mapping |
Volume: | 19 |
Number: | 3 |
Pages: | 235 - 244 |
ISSN: | 1648-715X |
DOI (Digital Object Identifier): | 10.3846/1648715X.2015.1052587 |
Keywords: | Real estate Housing sales Time-on-the-market Fuzzy cognitive maps Operational research |
Abstract: | Price and residential housing attributes have long been identified as key determinants of home sales and, as such, they can explain time-on-the-market (TOM). It is acknowledged, however, that there are other factors (or determinants) that influence home sales and TOM, which are of great importance but seldom taken into account in the appraisal process of residential real estate. Based on the use of fuzzy cognitive mapping, we propose a framework that adds value to the way that key determinants of housing sales and TOM are identified. This framework is the result of a process involving several residential real estate experts (i.e. appraisers and realtors), and follows a constructivist approach. Our findings suggest that the use of fuzzy cognitive maps (FCMs) allows the number of omitted determinants to be reduced and the understanding of the relationships between them to be improved. The strengths and weaknesses of our methodological framework are also discussed. |
Peerreviewed: | yes |
Access type: | Open Access |
Appears in Collections: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Identifying key determinants.pdf | Versão Editora | 2,25 MB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.