A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
EFFECT OF FINANCIAL CHALLENGES ON REAL ESTATE HOUSING DEVELOPMENT PROJECT PERFORMANCE IN ADDIS ABABA
There is a substantial imbalance in the demand for and the supply of housing in Addis Ababa. Supply of housing has not kept pace with the rapidly growing population and rate of urbanization. The availability of housing finance stimulates the demand for housing and triggers real estate developers to build more houses. The overall aim of this study is to identify the effect of financing challenges in real estate housing development project performance in Addis Ababa. This includes identification of the sources of financing and determination of whether they are adequate or not. In this research paper, theoretical review and empirical review of various related studies was conducted. The analyzed data was presented using percentages and frequencies in table form. The result shows that major sources of financing for real estate housing development are equity finance and collection from home buyers. Other sources of financing are not adequately providing funds to home buyers and developers to finance their housing projects. Due to shortage of financing, the real estate developers couldn’t be able to supply housing in sufficient quantity in timely basis as per the requirement. To improve the availability of financing, people with high income level have to be encouraged to save money and buy home from real estate developers. It is also important to nurture equity capital market for better financing options in the long run. To encourage a more diverse and better supply of housing finance, there is a need to create conducive environment for foreign financers.
EFFECT OF FINANCIAL CHALLENGES ON REAL ESTATE HOUSING DEVELOPMENT PROJECT PERFORMANCE IN ADDIS ABABA
There is a substantial imbalance in the demand for and the supply of housing in Addis Ababa. Supply of housing has not kept pace with the rapidly growing population and rate of urbanization. The availability of housing finance stimulates the demand for housing and triggers real estate developers to build more houses. The overall aim of this study is to identify the effect of financing challenges in real estate housing development project performance in Addis Ababa. This includes identification of the sources of financing and determination of whether they are adequate or not. In this research paper, theoretical review and empirical review of various related studies was conducted. The analyzed data was presented using percentages and frequencies in table form. The result shows that major sources of financing for real estate housing development are equity finance and collection from home buyers. Other sources of financing are not adequately providing funds to home buyers and developers to finance their housing projects. Due to shortage of financing, the real estate developers couldn’t be able to supply housing in sufficient quantity in timely basis as per the requirement. To improve the availability of financing, people with high income level have to be encouraged to save money and buy home from real estate developers. It is also important to nurture equity capital market for better financing options in the long run. To encourage a more diverse and better supply of housing finance, there is a need to create conducive environment for foreign financers.
EFFECT OF FINANCIAL CHALLENGES ON REAL ESTATE HOUSING DEVELOPMENT PROJECT PERFORMANCE IN ADDIS ABABA
GETACHEW GENZEBE MULUGETA (author)
2018-10-17
doi:10.20372/nadre/3866
Theses
Electronic Resource
English
DDC:
720
Embassy, Addis Ababa, Ethiopia
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