Factors affecting site selection of access-restricted residential communities in Ankara

Abstract

Purpose

Ankara has experienced a recent rapid increase of residential communities that promise residents a comfortable lifestyle with strictly controlled entrances and several amenities. These luxury residential developments come in different forms, and are distributed unevenly across Ankara’s neighborhoods. Some neighborhoods become the center of gravity, and act like a magnet for these high-cost residential developments; however, most developers avoid making such costly investments in some other neighborhoods, which leads to an unfair distribution of profit across different locations in Ankara. The purpose of this paper is to examine the different factors affecting the site selection of different types of these real estate developments.

Design/methodology/approach

The aim of this study has been to examine the factors affecting the site selection of different types of access-restricted housing developments through a multiple discriminant analysis (DA).

Findings

The results of the analysis revealed that distance from the city center and the unit price of the current housing stock are associated with high scores in the discrimination of neighborhoods of different types of residential communities.

Practical implications

This paper implied a DA to create a better understanding of the site selection criteria behind access-restricted housing developments for policy makers to make better investment and management decisions.

Originality/value

The paper discusses the factors affecting the site selection of access-restricted residential communities in Ankara in order to show uneven distribution of profit across different locations caused by these developments.

Citation

Alkan-Gökler, L. (2018), "Factors affecting site selection of access-restricted residential communities in Ankara", Property Management, Vol. 36 No. 3, pp. 278-295. https://doi.org/10.1108/PM-02-2017-0008