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The Changing Face Of Compound Houses In Ghana And Its Effect On Rental Value: A Case Study Of Selected Neighborhoods In Kumasi, Ghana

Author

Listed:
  • Lewis Abedi Asante
  • Emmanuel Kofi Gavu
  • Jonathan Zinzi Ayitey
  • Alexander Sasu

Abstract

In compound houses in Ghana, tenants share basic facilities such as washrooms, kitchen and electricity meter. Most tenants have problems with queuing to use facilities and equal payment for utilities. Finding solution to these problems has resulted in emerging housing improvement trends on the rental market in Ghana. Results from 88 respondents indicated that this trend has resulted in increasing urban rental values. Landlords are improving the units in their compound houses because tenants find them more convenient and are ready to pay thrice more to live in one. Rent increment is sometimes based on the personal circumstances of landlords.

Suggested Citation

  • Lewis Abedi Asante & Emmanuel Kofi Gavu & Jonathan Zinzi Ayitey & Alexander Sasu, 2015. "The Changing Face Of Compound Houses In Ghana And Its Effect On Rental Value: A Case Study Of Selected Neighborhoods In Kumasi, Ghana," AfRES afres2015_138, African Real Estate Society (AfRES).
    • Handle: RePEc:afr:wpaper:afres2015_138
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    More about this item

    Keywords

    Compound House; Ghana; housing; Kumasi; Rental value; self contained unit;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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