Loading...
Exploring Factors Influencing Residential Price Fluctuations in Saudi Arabia
Dannah, Bashair
Dannah, Bashair
Citations
Altmetric:
Type
Supervisor
Subject
Date
Research Projects
Organizational Units
Journal Issue
Abstract
audi Arabia is experiencing significant transformations within its housing sector,
characterized by increasing demand across various regions. Despite this, there remains a
paucity of research concerning the determinants of housing price variability and the factors
influencing individuals' home-buying decisions. This study seeks to identify and analyze the
factors that affect individuals' decisions when purchasing housing units in Saudi Arabia.
Buying a home encompasses numerous considerations, including cost, location, and lifestyle
needs, with the significance of these factors potentially varying by region due to local cultural
and environmental conditions. To address the primary research question: What factors
influence individuals' decisions when purchasing a housing unit in Saudi Arabia? —The study
employed a mixed-methods approach. Initially, a qualitative analysis was conducted to identify
factors from the literature that influence home-buying decisions, categorizing them into three
main groups: local factors, macro factors, and micro factors, resulting in the identification of
seventeen factors. Subsequently, a quantitative approach was utilized through a structured
questionnaire distributed to residents throughout the Kingdom of Saudi Arabia, aiming to rank
the importance of these seventeen factors according to participants' preferences. Data were
collected from 104 participants across various regions. The findings revealed that macro-level
factors constitute the primary category influencing participants' home-buying decisions, with
the study ranking all seventeen factors according to their importance to the participants.