Work

The Changing Face of Compound Houses in Ghana and Its Effect on Rental Value: a Case Study of Selected Neighborhoods in Kumasi, Ghana

Year: 2015

Type: conference-paper

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.

Source: African Real Estate Society Conference (AfRES)

DOI: 10.15396/afres2015_138

Authors: Lewis Asante, Alexander Sasu, Jonathan Ayitey, Emmanuel Gavu

Institutions: Kumasi Technical University, Kwame Nkrumah University of Science and Technology

Language: English

Topic: Urban and Rural Development Challenges

Subfield: Urban Studies

Field: Social Sciences

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: bronze

OpenAlex ID: W2970292991