Reed, R. (2014), "Editorial", International Journal of Housing Markets and Analysis, Vol. 7 No. 3. https://doi.org/10.1108/IJHMA-06-2014-0016Download as .RIS
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Article Type: Editorial From: International Journal of Housing Markets and Analysis, Volume 7, Issue 3
Welcome to the third issue in the seventh volume of the International Journal of Housing Markets and Analysis. In recognition of the higher journal ranking and the increased number of submissions to this journal, commencing from the seventh volume, the number of research papers per issue has been expanded, and all papers cover a wide range of international housing-related research problems and data analysis. As Editor, I am constantly seeking to maintain this high level of quality which is reflected also by a higher rejection rate. At all times, I encourage submissions from every country and seek to publish research from both developed and developing countries where each has their own research problems.
The first paper examines the role of spatial information in the housing search process and conceptual problems related to spatial boundaries and location matters in housing searches. It is argued from a UK perspective that greater levels of information through the Internet do not necessarily increase the “perspicuity of spatial phenomenon”. The paper also discusses the impact that information sources have on the housing market and the spatial distribution of prices. The second paper investigated the level of consumer acceptance of Islamic home financing by Islamic banks. The research methodology sourced information from existing customers of two banks in East Malaysia to analyse the effect of variables including attitude, Islamicity of the product and demographic factors. While the findings identified certain factors which determined consumer acceptance of Islamic home financing products, it was concluded that gender, academic qualifications and monthly income have little effect on consumer acceptance.
The third paper is from Australia and examines the effectiveness of legislative reforms affecting the housing market, where the research examined the relationship between listed or advertised price and transaction prices before and after the changes in legislation. The study has application in terms of agents as social gatekeepers and confirms the role of regulation, with reference to maintaining market values, is achieved. The findings confirm that with friction in the market, imperfect information and possible behavioural responses of land agents, there may be incomplete correction of under-pricing strategies. The fourth paper provides further evidence about the determinants of housing starts and house price elasticity of supply in a local housing market in the UK. The data were quarterly time series covering a 25-year period where both housing starts and housing stock elasticities are estimated for multiple models. The findings confirmed all of the local variables were significant and they have expected signs, but none of the national and regional variables were significant.
The fifth paper examines the housing finance system in Turkey and analyses housing development strategies developed by the government. The study reviews housing finance systems employed in Turkey and considers the application of this model for other international housing systems. It was argued that future increases in the number of mortgage loans will direct more long-term funds into the housing sector and provide an additional investment instrument for individual and institutional investors. The sixth paper is focussed on heterogeneous housing markets and acknowledges the housing market is not one single market but rather a number of inter-linked market segments. The paper is concerned with the implications these distinct theoretical areas have for the structure of risk and the structure of pricing in housing markets. The findings contribute to the understanding of housing market analysis by comparing price and risk, as well as considering how both respond to shocks across homogeneous and heterogeneous housing market structures.
The seventh paper is from New Zealand and is linked to the increase in the number of body corporate management companies and their increased importance in the effective management of the residential building stock, especially in light of substantial growth in the number of residents living in apartments. The methodology is based on in-depth interviews with body corporate owners who recently switched their body corporate management provider. The findings will assist stakeholders including directors of body corporate companies to better understand the needs of their clients. The final paper examined the house builders who are constructing energy-efficient homes, with direct reference to their opinions and perception of this housing type. After examining barriers to the uptake of sustainable housing, the paper analysed the results from a survey conducted of house builders. The findings suggested that house builders have an inconsistent level of confidence in their ability to deliver energy-efficient homes. However, other variables, such as a lack of consumer demand and increased costs, are more difficult to control.
As Editor, I am fully aware of the pressure on researchers to publish in high quality journals such as this one. All papers in this journal have been through a rigorous double-blind refereeing process to ensure the highest quality is maintained. I encourage the submission of research articles examining international housing markets which contribute to our collective body of knowledge in this exciting area. If you have any comments or are interested in submitting a research paper, then please contact the editor directly at mailto:firstname.lastname@example.org