House purchase intention during pandemic COVID-19 in Surabaya, Indonesia

IF 1.1 Q4 MANAGEMENT

Property Management Pub Date : 2022-09-09 DOI:10.1108/pm-03-2022-0020

A. Njo, Kathryn Sugeng

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引用次数: 1

Abstract

PurposeSince the COVID-19 occurred, large-scale social restriction (Pembatasan Sosial Berskala Besar-PSBB) has taken place, and that has led family members to carry out their activities at home. This condition impacts both directly and indirectly the intention of house purchase, as a result of lifestyle changes during the pandemic. A house now serves as a residence, office, as well as school. This study aims to determine the influences of physical attributes, neighborhood preferences, financial concerns, financial risk preferences, health risk preferences, and COVID anxiety towards house purchase intention.Design/methodology/approachThis associative study was carried out from February to May 2021 in the residents of Surabaya aged 20–34 years old as prospective first-home buyers, with relatives at risk of contracting COVID-19 (belong in the susceptible group or live with a family member who is prone to the COVID-19 virus, including having a comorbidity, elderly (= 60 years old), having a low immune system or autoimmune disease, obese). Data were gathered using online questionnaires from which 226 respondents were acquired. Data were analyzed using the PLS-SEM 3.0 technique.FindingsThe results showed that physical attributes, neighborhood preferences, financial concerns, financial risk preferences, and COVID anxiety significantly influence house purchase intention. Furthermore, neighborhood preferences, financial risk preferences, and COVID anxiety as moderating variables also significantly influence house purchase intention.Practical implicationsThis study was carried out in Surabaya as the second-largest city after Jakarta with the highest COVID-19 mortality rate, which is useful for exploring the lifestyle changes and property demand as a result of the pandemic; Developers gain a business opportunity by offering properties that are multifunction and health-oriented.Originality/valueThe COVID-19 pandemic becomes a trigger for a change in the property market that needs to be studied further.

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2019冠状病毒病大流行期间印度尼西亚泗水的购房意向

目的自从新冠肺炎发生以来，大规模的社会限制（Pembatasan Sosial Berskala Besar-PSBB）已经发生，这导致家庭成员在家里进行活动。由于疫情期间生活方式的改变，这种情况直接和间接影响了购房意愿。房子现在既是住宅、办公室，也是学校。本研究旨在确定身体属性、邻里偏好、财务问题、财务风险偏好、健康风险偏好和新冠肺炎焦虑对购房意向的影响。设计/方法/方法这项关联研究于2021年2月至5月在泗水20-34岁的居民中进行，他们是潜在的首次购房者，有感染新冠肺炎风险的亲属（属于易感群体或与易感染新冠肺炎病毒的家庭成员住在一起，具有低免疫系统或自身免疫性疾病、肥胖）。数据是使用在线问卷收集的，从中获得了226名受访者。使用PLS-SEM 3.0技术对数据进行分析。结果显示，身体属性、邻里偏好、财务问题、财务风险偏好和新冠肺炎焦虑显著影响购房意愿。此外，邻里偏好、金融风险偏好和新冠肺炎焦虑作为调节变量也显著影响购房意愿。实际意义这项研究是在泗水进行的，泗水是仅次于雅加达的第二大城市，新冠肺炎死亡率最高，这有助于探索疫情导致的生活方式变化和房地产需求；开发商通过提供多功能和健康为导向的房产获得了商机。创意/价值新冠肺炎大流行成为房地产市场变化的导火索，需要进一步研究。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Property Management MANAGEMENT-

CiteScore

2.70

自引率

20.00%

发文量

期刊介绍： Property Management publishes: ■Refereed papers on important current trends and reserach issues ■Digests of market reports and data ■In-depth analysis of a specific area ■Legal updates on judgments in landlord and tenant law ■Regular book and internet reviews providing an overview of the growing body of property market research