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
MONETARY POLICY AND THE BEHAVIOR OF A MONOPOLISTIC BANK: A THEORETICAL APPROACH
This paper investigates the influence of monetary policy on the optimal behavior of a monopolistic bank. More specifically, we discuss how the overdraft rate and the minimum reserve requirements affect the equilibrium va...
ENHANCING EMPLOYEE PERFORMANCE IN NIGERIA THROUGH EFFICIENT TIME MANAGEMENT FRAMEWORKS
In developing countries like Nigeria, the need for time management in organizations cannot be over emphasized. Time management helps in achieving individual and organizational goals in view of the limited amount of time...
THE IMPACT OF ADMINISTRATIVE CHARACTERISTICS AND RESIDENTIAL TYPES ON INCOME CAPITALIZATION RATES IN TAIPEI, TAIWAN
This paper examines several factors that impact income capitalization rates, and applies the hierarchical linear model as an analytical method. The empirical results suggest that: (1) the average income capitalization ra...
CORPORATE FAILURE PREDICTION MODELS FOR ADVANCED RESEARCH IN CHINA: IDENTIFYING THE OPTIMAL CUT OFF POINT
The rapid growth of the Chinese economy has resulted in Chinese listed companies entering numerous global supply chains, and thereby contributing to the globalization of economies. Accurately predicting corporate distres...
THE TIME-VARYING IMPACT OF REGIONAL TRADE AGREEMENT: EVIDENCE FROM ASEAN
Regional Trade Agreements such as ASEAN Free Trade Area (AFTA) are expected to increase the trade flows among member countries through trade creation and trade diversion. This paper employs the gravity model using manufa...