Potential and Limitation of Private Rental Housing: The case of rental houses developed by Loza and Birhanu construction plc, Ayer Tena, Addis Ababa, Ethiopia
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Date
2022-04-01
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Addis Ababa University
Abstract
The housing delivery mechanism in Addis Ababa, Ethiopia is very few and one of the
delivery options is rental housing. But only the public rental housing and kebele houses
are considered as an option and neglects the private rental housing for decades, the
sector rental housing cover more than 55 % including both public and private rental
housing stock. From the 55% of rental housing 37% is the share of private rental
housing sector that means more than the half of the market. but the government didn’t
consider the sector as a significant option for housing development and focused only
policies which promote home ownership led by government which is unrealistic and un
affordable means of housing delivery. This study examined and assessed private rental
housing developer as a viable option for housing development and search the potentials
and limitation for developing the sector as one of housing delivery strategies for the
future. And it focuses on private rental housing developer and houses constructed by
Loza and Birhanu Construction plc. The research used case study method for in depth
analysis of the sector; the cases are selected only houses constructed by LBC. Plc. And
the data were collected using questionnaires, interview, and analysis of documents and
related literatures. The end result and findings revealed that private rental housing
sector has a positive impact on the housing delivery mechanisms. Furthermore, private
rental housing provision strategies needs a policy support by government and
appropriate revision on the housing delivery approaches including some policy
instruments focused on rental houses developed by private sector.
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Keywords
Rental housing, private rental housing, private rental houses developers, rental housing policy instruments, Addis Ababa.