FACTORS DETERMINING RESIDENTIAL RENTAL PRICES
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 1
Abstract
Due to the high demand for residential apartments, landlords take undue advantage of tenants and increase rent without adhering to rent regulations. A high proportion of the population in Ghana rents than own homes because many cannot afford to own. There is frequent movement of workers from one city to another, especially to urban areas, resulting in increases in demand and price of rented accommodation. This study explores the impact of location and apartment characteristics on rental prices, using a survey of the Accra Metropolitan Area. Data from three contrasting locations in Accra was analysed and the results show that location, number of bedrooms, availability of amenities and facilities, and sharing of facilities are significant in determining residential rental prices. The type of apartment people live in and the kinds of facilities they share with others have implications for health and the environment and require policy response with efforts to improve housing regulations in Ghana.
Authors and Affiliations
Ivy Drafor Amenyah| Economics Department, Methodist University College Ghana, Ernest Afenyi Fletcher| Abt Associates Inc., Tamale Ghana
Keywords
Related Articles
- EP ID EP1871
- DOI -
- Views 568
- Downloads 56
FINANCING CAPITAL INVESTMENTS IN NIGERIA: THE ROLE OF THE BANKING INDUSTRY
A developing nation like Nigeria needs huge capital outlay to finance the needed infrastructures and capital investments necessary to drive the economy. This study lays much emphasis on whether the banking industry is re...
OPTIMAL TAX POLICY – FINANCIAL CRISIS OVERCOMING FACTOR
Among economic reforms implemented for overcoming of world financial and economic recessions the special accent is brought to macroeconomic stabilization; strengthening of financial sphere is recognized one of imperative...
DETERMINANTS OF CHILDREN’S HEALTH FOR HUMAN CAPITAL ACCUMULATION: EMPIRICAL ANALYSIS
In this paper we study the determinants of children health resources for human capital accumulation on a sample of children living in Cameroon. Data are from Demographic and Health Survey (DHS-III). We find that using or...
DEVELOPING AN EARLY WARNING SYSTEM FOR FINANCIAL CRISES IN VIETNAM
In this paper, we develop an applicable early warning model that can predict financial crises for Vietnam. To achieve this goal, we analyze and extend the existing early warning models which have been developed by Kamins...
THE EFFECT OF TRADE, SPECIALIZATION AND FINANCIAL INTEGRATION ON BUSINESS CYCLES SYNCHRONIZATION IN SOME MEDITERRANEAN COUNTRIES
The aim of this paper is to study if bilateral trade, similarity of specialization and capital flows between some Mediterranean countries (Egypt, Morocco, Tunisia and Turkey) and their main European partners (Germany, Fr...