American Journal of Economics, Finance and Management
Articles Information
American Journal of Economics, Finance and Management, Vol.1, No.1, Feb. 2015, Pub. Date: Jan. 26, 2015
Performance, Challenges and Prospects of Real Estate Financing in Addis Ababa: Micro- and Macro Economic Implications
Pages: 1-9 Views: 3893 Downloads: 11966
[01] Zerayehu Sime Eshete, Commercial Bank of Ethiopia, Principal Economic and Development Officer, Addis Ababa, Ethiopia.
[02] Kagnew Wolde Teshome, Commercial Bank of Ethiopia, Manager- Research and Development Department, Addis Ababa, Ethiopia.
This paper mainly examines the performance, challenges and prospects of real estate financing in Addis Ababa with a micro and macro outlook. It employs descriptive analysis and affordability analysis and forwards the followings findings: In the first place, homelessness is a big problem in urban areas; it has been estimated that 57 percent of the residents in Addis Ababa are able to access housing service by rent while 36 percent of them has their own houses. In general, 80% of the residents in
Real Estate, Price Escalation, Condominium, Project Cost, Affordability
[01] AACA (2005), Survey of Housing Development and Social Assessment, Addis Ababa City Administration, Ethiopia.
[02] Abraham Alemayehu (2005), Low and Middle Income Housing Projects in Addis Ababa, Building Design Enterprise, Ethiopia.
[03] Assefa Gebeyehu (2004), Inner City Housing Solution case Study of a model cooperative Apartment Building in Addis Ababa, Building Design Enterprise, Ethiopia
[04] Azeb Kelemework (2006), Housing for the poor in Addis Ababa, Addis Ababa City Administration
[05] Bourne, L.S. and Hitchcock, J.R. editors, (1978) Urban Housing Markets: Recent directions in research and policy, University of Toronto Press, Toronto, 1978.
[06] Bruce M.Firestone (2007), Real Estate and Development, Carleton University, Ontario, Canada
[07] CBE (2004), Assessment of the land lease policy and Real Estate Market, Commercial Bank of Ethiopia,
[08] De Leeuw, F. (1971), The demand for housing, A review of the cross- Sectional evidence, Review of Economics and Statistics, vol. 53, No. 1, pp. 1-10.
[09] Esayas Ayele (2006), Policy Impacts on Housing Sector, Urban Planner, and Ministry of Work and Urban Development, Ethiopia.
[10] Fallis, G. (1985) Housing Economics, Butterworth, Toronto, 1985.
[11] Kain J.F. and Quigley J.M. (1975) Housing Markets and Racial Discrimination, National Bureau of Economic Research, New York.
[12] Maisel S.J., Burnham J.B., and Austin J.S. (1971), the demand for Housing, Review of Economics and Statistics, Vol. 53
[13] Muth, R. (1960) The demand for non-farm housing, in A.C.Harberger, ed., the demand for durable goods, University of Chicago Press, Chicago, 1960.
[14] Nega Wolgebrial (2005), Master’s Programme in Urban Management and Development for 2004-2005, Lund University.
[15] Olsen, E.O. (1969), A competitive theory of the housing market, American Economic Review, Vol. 59, pp. 612-622.
[16] Polinsky A. M. and Ellwood D.T. (1979), an empirical reconciliation of micro and group estimates of the demand for housing, Review of Economics and Statistics, vol. 61, pp199-2095.
[17] Rojesh Goel (2002), strengthening the role of building centers in India, Housing and Urban Development Cooperative Ltd, India.
[18] Zhiqiang Chen (2001), Urban Development in China, Housing Shortage to Environmental Challenges, Gansu Province, China.
MA 02210, USA
AIS is an academia-oriented and non-commercial institute aiming at providing users with a way to quickly and easily get the academic and scientific information.
Copyright © 2014 - American Institute of Science except certain content provided by third parties.