Accounting and Finance Dissertation

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Factors Affecting the Real Estate Market: The Case of Addis Ababa City
(Addis Ababa University, 2009-06) Aqubamicheal, Kiros; Ulangathan, S. (PhD)
This Research project entitled with “Factors affecting the real estate market: The case of Addis Ababa City”; identify and describes the main factors affecting the real estate market in Addis Ababa city. The study identified existing operations of the real estate companies in the market and with a focus on currently existing situations in most aspect of the market; major problems are addressed. Both primary data and secondary data are obtained and used. The questionnaire and interview method of data collection and qualitative research method were used. The study finding indicates that the real estate market is constrained by different factors. Because of its dependence on the Diaspora group of clients for its demand side, and with existing economic downturn; there is currently a considerable decline in sales of sampled companies and considerable impact on their ongoing contracts and operations. There is slow and insufficient supply of land, currently the shortage and increased prices of housing construction materials is another factor affecting the market. The inflation and the global economic crises affected the market, materially. Housing prices are less affordable in the market and most of all, long term housing finance are almost nonexistent