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School of Geography

Cities & Social Justice Projects

Developing a housing model based on the status-quality trade-off theory

PI: Paul Chatterton

Housing in Hanoi city has transformed from a social service into a goods in the market following the introduction of the Doi Moi (renovation) policy, which started in 1986. As a result, the segmentation of the nascent market in the capital city of 7 million residents poses complex problems for an equitable provision of housing environment to different income groups. A model of urban housing based on the interaction between the tangible and intangible attributes - the so-called statusquality trade off theory (SQTO) - seems to be able to achieve important results in price estimation using hedonic price index techniques with the emphasis placed on status – related elements. A survey of 1000 households within the core city of Hanoi has initially showed the potentials of using SQTO as a tool for successful analysis of the house price dynamics and its spatial manifestation.

Start date: September 2015

End date: September 2016

Funder: BA/Newton

Project website: http://www.britac.ac.uk/newton-mobility-grants

Grant reference: NG150097