Investor-Occupiers and the Cultural Capital of Architectural Design: The Importance of Architectural Quality and Apartment Design in a Falling Market
Abstrak
ABSTRACT This study examines property developers' strategic responses to housing price downturns, focusing on shifting architectural design decisions. When prices dropped, non-occupant investors retreated while investor-occupiers became the dominant buyer group. We investigated how developers adapted their design quality strategies to target this changing market during a period of housing value depreciation. Drawing on 40 semi-structured interviews with development professionals in Sydney, Australia, we found that the development professionals involved in our study sought to improve the customers’ perception of the architectural design quality of the development in response to the changing consumer type in a period of housing value depreciation. We conceptualize this emphasis on design quality as cultural capital that gained importance during the market downturn, beyond purely economic considerations. Our findings suggest that policy interventions are necessary to maintain design standards during housing market booms, when economic pressures may compromize architectural quality in favour of profit maximization..
Penulis (3)
Xiao Ma
Greta Weston Werner
D. Rogers
Akses Cepat
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Cek di sumber asli →- Tahun Terbit
- 2025
- Bahasa
- en
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- Sumber Database
- Semantic Scholar
- DOI
- 10.1080/14036096.2025.2514264
- Akses
- Open Access ✓