Intention to move in renovated historical blocks in China

Abstract

Using data from 8 renovated historical blocks in China, the influence of social-demographic characteristics and residential satisfaction on the intention to move is analysed using multinomial logit models. To explore the observed and unobserved heterogeneity among individuals, a mixed logit model was adopted. The model results indicate that older residents and residents who live in blocks during the middle renovation stage are less interested in relocating. Higher residential satisfaction will lead to a lower intention to move house, and housing satisfaction and satisfaction with the living environment have a higher impact compared with satisfaction related to other residential dimensions. Moreover, the interaction between neighbourhood satisfaction and renovation stages was found influential, while the unobserved taste variation between residents was not identified.