Taste Heterogeneity and Adaptive Reuse of Buildings: A Latent Class Model

Brano Glumac, Nizamul Islam

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Vacant buildings represent insufficiently exploited potential for urban development. By collecting and analysing the preferences of its future users, vacant buildings can be adapted and reused in the best manner and thus could generate a significant contribution towards a more sustainable development within the construction industry. Discrete choice experiment is used to identify the most important attributes and to collect the preferences of the potential future occupants choosing between two types of residential buildings, redeveloped factory and office. This study reports on the preferences of different groups of respondents such as students, young professionals, couples with children, etc. Therefore, exploring the taste heterogeneity (observed and unobserved) takes a central place in this study. Furthermore, these results can be used within a decision tool to better assess upon choice of vacant building to fit best to future desired end user. Adaptive building reuse provides numerous environmental, socio-economic, and urban policy benefits and we do provide fruitfully discussion based on the reported findings.
Original languageEnglish
Title of host publication26th Annual European Real Estate Society Conference: ERES Conference - ESSEC Business School, Cergy-Pontoise, France
PublisherEuropean Real Estate Society (ERES)
Number of pages19
DOIs
Publication statusPublished - 12 Dec 2019
Event26th Annual European Real Estate Society Conference: ERES Conference - ESSEC Business School, Cergy-Pontoise, France
Duration: 3 Jul 20196 Jul 2019
http://eres-2019.essec.edu/

Conference

Conference26th Annual European Real Estate Society Conference
Country/TerritoryFrance
CityCergy-Pontoise
Period3/07/196/07/19
Internet address

Keywords

  • The Netherlands
  • latent class model and housing
  • Sustainable transformation
  • stated preference

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