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Housing in consumer’s theory

Łaszek, Jacek (2013): Housing in consumer’s theory.

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Abstract

This article aims to deepen the knowledge on consumer choices from the microeco-nomic perspective so as to better understand the behaviour of home buyers and its impact on the housing market. First, we provide an analysis of housing understood as a consumer and investment good. We then discuss its market value and cost. This analysis helps to better understand the housing choices of consumers. Finally, we take a detailed look at the choice of housing as a heterogeneous good. Taking into account the conclusions derived from the above points, we demonstrate the complex choice of the housing demand structure in the form of savings and consumption.

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