THE CHANGING FACE OF COMPOUND HOUSES IN GHANA AND ITS EFFECT ON RENTAL VALUE: A CASE STUDY OF SELECTED NEIGHBORHOODS IN KUMASI, GHANA

Lewis Abedi Asante, Emmanuel Kofi Gavu, Jonathan Zinzi Ayitey and Alexander Sasu

AfRES from African Real Estate Society (AfRES)

Abstract: In compound houses in Ghana, tenants share basic facilities such as washrooms, kitchen and electricity meter. Most tenants have problems with queuing to use facilities and equal payment for utilities. Finding solution to these problems has resulted in emerging housing improvement trends on the rental market in Ghana. Results from 88 respondents indicated that this trend has resulted in increasing urban rental values. Landlords are improving the units in their compound houses because tenants find them more convenient and are ready to pay thrice more to live in one. Rent increment is sometimes based on the personal circumstances of landlords.

Keywords: Compound House; Ghana; housing; Kumasi; Rental value; self contained unit (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2015-09-01
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