Condominiums with unrestrictive pet policies sell for 11.6pc more than those barring pets, according to a study of a retirement community in South Florida by Zhenguo Lin of California State University Fullerton and two colleagues. Advocates of lifting pet restrictions usually argue for the medical and psychological benefits of pet-owning, but the findings demonstrate that liberal pet policies would benefit condo developers and owners too.

(Source: Journal of Real Estate Finance and Economics)

Published in Dawn, Business & Finance weekly, October 5th , 2015

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