Assessment of Condominium Houses Affordability

Table of Contents

1. INTRODUCTION

1.1. Background of The Study

1.2. Statement of The Problem

1.3. Research Questions of The Study

1.4. Objectives of the Study

1.4.1. General Objective

1.4.2. Specific Objectives

1.5. Scope /Delimitation of The Study

1.6. Significance of The Study

1.7. Limitation of The Study

1.8. Organization of The Study

1.9. Definition of Important Terms

2. REVIEW Of RELATED LITERATURE

2.1. Theoretical Literature Review

2.1.1. Housing Concept and Definition

2.1.2. Urban Housing Supply in the Developing world.

2.1.3. Urban Housing Supply for Low income Groups.

2.1.4. Urbanization and urban housing in Ethiopia

2.1.5. Housing Affordability

2.1.6. Urban Housing Policies in Ethiopia

2.1.6.1. Housing Policies implemented in Pre 1991

2.1.6.2. Housing Policies implemented in Post 1991

2.1.7. Integrated Housing Development Program in Addis Ababa

2.1.8. Challenges of Condominium Houses

2.2. Empirical Literature Review

2.2.1. The Housing Problem in Addis Ababa

2.2.2. Urban Housing Problems and Their Root Causes.

3. METHODOLOGY

3.1. Descriptions of the Study Area:

3.2. Gelan project site:

3.3. Study Design:

3.4. Data sources and Collection Method:

3.5. Sampling Frame and Method:

3.6. Sample Size Determination:

3.7. Data Analysis and Interpretation Method:

4. DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1. Background Information of The Households

4.1.1. Demographic characteristics of the Households

4.2. Assessing the Affordability of Condominium Houses:

4.2.1. Monthly Income of the households

4.2.2. Employment Status of the households

4.2.3. Monthly Expenditure of The Respondents:

4.2.4. Monthly saving of the households

4.2.5. Mode of Owning the House and Payment Modality of Winners

4.2.6. Payment capacity of the respondents

4.2.7. Source of Finance of respondents for the Down Payment

4.2.8. Reasons for not Taking Loan from Banks by the Winners

4.2.9. Affordability of housing cost

4.3. Perception of respondents on external factors:

4.4. Different opinion toward the affordability of condominium house

5. CONCLUSION AND RECOMMENDATION

5.1. Conclusion

5.2 Recommendation

Research Objectives and Key Topics

This study aims to assess the affordability of condominium housing in the Gelan project site within the Akaki Kality Sub-City of Addis Ababa. It specifically investigates whether low and middle-income households are able to afford these units and evaluates if the housing program successfully reaches its intended beneficiaries or if external factors hinder access for these target groups.

• Affordability of condominium housing for low and middle-income residents.
• Evaluation of the Integrated Housing Development Program (IHDP) objectives and implementation.
• Analysis of household socio-economic factors influencing housing access, including income, expenditure, and savings.
• Identification of external barriers such as institutional, administrative, and economic challenges affecting project outcomes.

Excerpt from the Book

Summary of Chapters

1. INTRODUCTION: This chapter introduces the study's background, the housing problem in Ethiopia and Addis Ababa, and outlines the research objectives, significance, and scope.

2. REVIEW Of RELATED LITERATURE: This chapter provides a theoretical and empirical foundation by examining housing concepts, urban housing policies in Ethiopia, and existing studies on the challenges of condominium programs.

3. METHODOLOGY: This section details the research design, including the study area description, data collection methods, sampling techniques, and the analytical framework used.

4. DATA PRESENTATION, ANALYSIS AND INTERPRETATION: This chapter presents the findings from the household surveys and interviews, analyzing demographic data, income, expenditure, saving capacities, and external factors affecting affordability.

5. CONCLUSION AND RECOMMENDATION: This chapter summarizes the study’s findings regarding the affordability of condominium housing and proposes recommendations for government and stakeholders to improve the effectiveness of the housing program.

Keywords

Gelan, Affordability, Condominium, Low income, Housing, Households, Addis Ababa, Integrated Housing Development Program, IHDP, Urbanization, Mortgage, Policy, Ethiopia, Socio-economic, Sub-City Administration.

Frequently Asked Questions

What is the primary focus of this thesis?

The thesis focuses on assessing the affordability of condominium housing in the Gelan site of the Akaki Kality Sub-City and identifying the factors that prevent low and middle-income households from benefiting from the government program.

What are the central thematic areas?

The study centers on housing affordability, the socio-economic status of residents (income, expenditure, and saving), housing policies in Ethiopia, and institutional implementation challenges.

What is the core research objective?

The main objective is to determine if the condominium houses are affordable for low and middle-income groups and to evaluate whether the program has achieved its goal of targeting these demographics.

Which methodology does the author use?

The research employs a mixed-methods approach, combining qualitative and quantitative data gathered through household questionnaires and in-depth interviews with key informants from housing offices and banks.

What does the main body of the work cover?

The main body covers a literature review of housing policies and affordability theories, a detailed methodology, and an extensive data analysis section regarding household demographic characteristics and financial barriers to housing.

Which keywords characterize this research?

Key terms include Condominium, Affordability, Gelan, Low income, Addis Ababa, Housing Policy, and Integrated Housing Development Program (IHDP).

How do collateral requirements impact the beneficiaries?

The study finds that the lack of ownership collateral prevents low-income winners from accessing bank loans, forcing them to rely on family or relatives for down payments, which undermines the program's intended financial accessibility.

What is the impact of housing price inflation on the project?

The study identifies that rising construction costs and inflation have increased the prices of condominium units beyond the reach of the intended low-income beneficiaries, leading to non-targeted groups occupying the houses.