Abstract

The equilibrium set of housing units (alternatives) can be characterized from the standpoint of both the demander and the supplier. The current w ork describes an application of the multicriteria single price model to the ranking of alternatives. By a generalization of the single price model and from both viewpoints an efficiency index can be calculated. We demonstrate how, in equilibrium, the tw o view points result inevitably in inverse orders of ranking. The model is illustrated by a sample of housing units in the city of Valencia, Spain. Whatever the economic and financial situation at the time, the decision to buy or sell a home should be rational, based on clearly defined aims and taking account of all the available market information. From the sellers ’ viewpoint, his/her aim must be to maximise the ratio between the sale price and the features and attributes of the property.