Conceptualizing the Rental Housing Market Structure in Ghana

Emmanuel Kofi Gavu

Housing Policy Debate, 2022, vol. 32, issue 4-5, 767-788

Abstract: This article conceptualizes the rental housing market using housing typologies, housing form, and submarket definitions to understand how the market operates in a developing country context. Drawing conclusions from the extant literature and market observations in Ghana, the research provides a framework for analyzing the rental housing market in developing countries. An understanding of the housing market structure provides some clarity on submarket existence, price movements, and conceptual issues relating to how rental values are determined within the market. The findings suggest that the price premiums of location and neighborhood attributes within parts of sub-Saharan Africa may be overstated; this is contrary to an important cliché in real estate, location, location, location. The findings further provide useful insights and serve as a guide in understanding rental market dynamics, particularly in contexts where access to data remains a challenge. This research is one of the first attempts to develop a holistic framework in understanding the housing market structure in the Global South and to empirically verify the same.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10511482.2020.1832131 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:houspd:v:32:y:2022:i:4-5:p:767-788

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RHPD20

DOI: 10.1080/10511482.2020.1832131

Access Statistics for this article

Housing Policy Debate is currently edited by Tom Sanchez, Susanne Viscarra and Derek Hyra

More articles in Housing Policy Debate from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().