Experience and Prospects of Private Residential Real Estate Development in Alleviating Housing Problems in Addis Ababa
| dc.contributor.advisor | Dinku, Abebe(Professor) | |
| dc.contributor.author | Yohannes, Selam | |
| dc.date.accessioned | 2018-07-04T07:36:20Z | |
| dc.date.accessioned | 2023-11-11T08:29:19Z | |
| dc.date.available | 2018-07-04T07:36:20Z | |
| dc.date.available | 2023-11-11T08:29:19Z | |
| dc.date.issued | 2016-07 | |
| dc.description.abstract | The purpose of this thesis is to evaluate the experience of private real estate development in alleviating housing problems in Addis Ababa. This comprises assessing the current housing developments and practice, evaluating the quality of real estate houses in satisfying the functionality, aesthetics, greenery, parking and so on. Also the affordability of the real estate houses is analyzed when compared with the expenditure/income of Addis Ababa residents. Real estate development is a complex and continually evolving business. To effectively develop, finance, or supervise a project, a person needs a fundamental understanding of the process and its many facets. A developer must manage not only their own performance, but also the collaboration of numerous professionals representing multiple disciplines. In attaining the goal of this research, the methodologies used are qualitative and quantitative research approach through literature review, data collection, analysis and discussion. The data collection is done through site observations, interviews and mainly desk study. The research methodology incorporates the involvement of different real estate developers which are purposefully sampled and are currently operating actively on housing developments. As a result of the study, the quality of the real estate houses was evaluated by observation and taking the pictures as a record to compare them with each other and also comment on them. The increasing demand supply gap makes the housing prices to go high and also acquiring land is not easy. The construction time is highly affected by lack of foreign currency and cost escalation. In general, each of the things that are badly affecting the affordability and quality can be minimized by involving the government and work with the real estates to construct houses for different income groups. The international exposure can also be taken as a huge input in the approaches to make the affordability situation viable. At the end, conclusions and recommendations are forwarded regarding the activities of real estate developers in Addis Ababa, which can be implemented and used by real estate developers, city administration, municipalities, consultants or design teams and any governmental institution involved in the building construction industry of Addis Ababa. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/12345678/6207 | |
| dc.language.iso | en | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Building construction industry | en_US |
| dc.title | Experience and Prospects of Private Residential Real Estate Development in Alleviating Housing Problems in Addis Ababa | en_US |
| dc.type | Thesis | en_US |