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Tenancy choice and the demand for rental housing in the cities of the Ivory Coast

Article Abstract:

The Ivory Coast housing market exists within the context of rapid population growth, and the proportion of residents who live in urban areas increased from 19% in 1960 to over 42% currently. Fast population growth in the capital city of Abidjan has increased housing price pressures, and just 16% of households there can now afford home ownership. In other Ivory Coast cities, 45% of households own the homes in which they reside. Rental housing demand in the Ivory Coast is shown to be both price and income inelastic. It is suggested that there is an important need for housing models to help address sub-Saharan Africa's large city housing needs. A first such model is presented here for the cities of the Ivory Coast.

Models, Housing, Cote d'Ivoire, Ivory Coast, Housing surveys

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The impact of rental properties on the value of single-family residences

Article Abstract:

The impact of single-family rental properties on the value of single-family homes in a neighborhood was studied. The sample consisted of 23,119 single-family homes, 4,257 of which were rental properties. The results indicated that neighborhoods with a higher percentage of renter-occupied units obtained lower prices for single-family residences, units surrounded by greater numbers of renter-occupied units obtained lower prices, and tenant-occupied units with a lower level of maintenance than owner-occupied units obtained lower prices.

Research, Valuation, Single family housing, Housing, Single family

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A theoretical and empirical analysis of the length of residency discount in the rental housing market

Article Abstract:

Landlords sometimes offer tenants a lower-than-expected renewal lease when the old one expires. This occurs after the first lease expiration or later. 'Sit' and 'length of residency' discounts are offered. These discounts were studied using data from the Annual Housing Survey of 75,000 housing units between 1974-1977. Results indicate that neither type of discount is significant in inducing tenants to stay.

Prices and rates, Contracts, Rents (Property)

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