CHAPTER ONE
1. INTRODUCTION
This chapter deals with the general over view of the study. The purpose of this study is to assess challenges and prospects of the condominium houses delivery in Assela town. The section includes in this chapter were a back ground of the study, problem statement, general and specific objectives, significance of the study, scope of the study, description of the study area, and organization of the thesis; review of related literature; research methodology; data interpretation and discussion of the results, references and appendices.
1.1. Back ground of the study
Housing is one of the basic necessities to human beings next to food and cloths. But, it is the most critical problems of the urban town of developing countries for long periods of time. These situations are true in the case of our countries as well as in the study area. According to MoWUD (2006), Ethiopia as the countries with transitional economies has been facing urbanization at a fast growth rate. There are some 915 urban centers at a different stage in the country and the annual population growth will be estimated to be 4.3 %. Yet, high rate of urbanization does not match with socio economic growth and the demand for housing of urban populations. Ethiopia is implementing Integrated Housing Development Programme (IHDP) which focused on the large scale construction of the low cost condominium housing projects across the urban areas to solve housing problems.
Condominium housing is a form of ownership arrangement for housing tenure in which several households occupy one property so that each dweller owns a housing unit and has equity in common areas. It means an existence of joint ownership of real property in which portions are individually o...
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...ded the research design, population and sampling techniques, sources of data, data collection tools, ethical considerations, data analysis and interpretation; limitation of the study.
Chapter four: _ this section deals with the data presentation, analysis and interpretation of the results. The topics cover in this section includes the socio-economic and demographic characteristics of the respondents; the existing situation of housing stock; the urban and housing development policy; the integrated housing development programme; the challenges encountered in the implementation of the integrated housing development programme; the role of local government and actors in the condominium housing delivery and the prospects of integrated housing development programme in the study area.
Chapter five: _this section deals with the conclusion and recommendations of the finding.
After analyzing a sample of 40 gulf view condominiums and 18 no gulf view condominiums it becomes evident that variations exist between the two different types of properties. When reviewing the data it becomes clear that luxurious gulf view condominiums can fetch larger selling prices and are listed on the market for fewer days than no gulf view condominiums. No gulf view condominiums fetch lower selling prices and sit on the market for longer periods of time since they are not as popular as condominiums that have wonderful views of the gulf.
In a social sense, consumers prefer low-density developments. Low density means more space and better standard of living. There are apartments available in every city for those who prefer them. However, many people choose to live in detached homes. Nobody forces people to buy house at outer suburbs (Holcombe 1999). Developers build those houses because that is where people want to live. Why? The answer is simple, those houses offer better space and comfort compare to living in the confine inner city. Many have suggeste...
The Quarters housing project is one of the newest housing options designed and marketed for students to open in the Iowa City/Coralville area. It offers luxury amenities in an apartment style housing complex. In a city plagued by high housing costs, our group wanted to analyse the effects of this new student housing development in terms of sustainability. The Quarters project is also not without a bit of controversy. The development group that owns The Quarters bought out a low income housing complex and replaced it with expensive, luxury style student housing and in the process displaced many low income families. While the actions taken by the previous and current property managers were all completely legal, it is those actions
It is often easy to castigate large cities or third world countries as failures in the field of affordable housing, yet the crisis, like an invisible cancer, manifests itself in many forms, plaguing both urban and suburban areas. Reformers have wrestled passionately with the issue for centuries, revealing the severity of the situation in an attempt for change, while politicians have only responded with band aid solutions. Unfortunately, the housing crisis easily fades from our memory, replaced by visions of homeless vets, or starving children. Metropolis magazine explains that “…though billions of dollars are spent each year on housing and development programs worldwide, ? At least 1 billion people lack adequate housing; some 100 million have none at all.? In an attempt to correct this worldwide dilemma, a United Nations conference, Habitat II, was held in Istanbul, Turkey in June of 1996. This conference was open not only to government leaders, but also to community organizers, non governmental organizations, architects and planners. “By the year 2000, half the world’s people will live in cities. By the year 2025, two thirds of the world population will be urban dwellers ? Globally, one million people move from the countryside to the city each week.? Martin Johnson, a community organizer and Princeton professor who attended Habitat II, definitively put into words the focus of the deliberations. Cities, which are currently plagued with several of the severe problems of dis-investment ?crime, violence, lack of jobs and inequality ?and more importantly, a lack of affordable and decent housing, quickly appeared in the forefront of the agenda.
Public housing is a program, introduced at the federal level in 1937, which provides for low-cost housing through public financing by means of publicly owned and managed multi-family developments. Several cities began providing publicly funded housing prior to the introduction of the 1937 Housing Act through local programs of their own. Additionally, it was these kinds of local programs that helped mold the model for the federal program. Although there are multiple themes and topics related to public housing this paper will solely focus on 6 themes that are critical in understanding the history and development of public housing. These themes are in regards to the population it was aimed for, financing, federal public housing authority, local public housing authorities, design, and urban renewal.
3.Spence, Lorna. A Profile of Londoners by Housing Tenure: Analysis of Annual Population Survey& Labour Force Survey Data. London: Greater London Authority, 2007. Print.
Every neighborhood is subject to change. These changes occur due to many reasons and factors like modernization, technological advancement, social forces etc. Due to these changes new cultures and way of living will be explored while some may be ignored. Gentrification is the process of increasing the rent and housing of a certain neighborhood which leads to displacement of the poor/low income families. Changes take place as people with similar interest and status form a community of higher social status. In this paper, I will discuss gentrification from a point of view that will allow us to see the advantages of it. Gentrification allows a community to be economically successful by expanding the local tax base. Because when property value
It is estimated that 12 million renter and homeowner households pay more than 50 percent of their annual incomes for housing. Affordable housing is available to families who pay more than 30 percent of their income for housing. A family with one fulltime worker earning the minimum wage cannot afford the local fair-market rent for a two bedroom apartment anywhere in the United States. Affordable housing gives families a chance to pay their rent and afford necessities such as medical care, clothes, food, and transportation. Affordable housing, unlike market rate housing, has affordability controls limiting the rent or sales price for at least 30 years. The New Jersey Council on Affordable Housing considers housing “affordable” if the household pays approximately 28% or less of the household’s gross income on housing costs. Affordable housing is priced to be affordable to households earning up to 80% of the area median income for the region in which the affordable housing is located.
Rebecca Young has finished taking her Master of Business Administration and decided to move to Toronto in May 2013. She moves to a new place to follow her desire on finding a new job in investment banking. She rents a spacious condominium with two bedrooms in it with the rents of $ 3,000 per month. In July 2014, the same condominium unit next to her condominium are decided to be sold. Young believed that she could afford the condominium for $ 600,000. However, she felt that she bought a condominium that will not meet her long-term needs. Thus, Young decided to sell it in two to ten years. Analysis of Young's decision to buy or rent a condominium from the quantitative side is the suitable way to get the best financial decisions.
The reason for this report is to debate, evaluate and assess the difference between Private Residence Club and Timeshare Ownership. Articles will be used to obtain and develop different point of views, like the history backgrounds, pros and cons and costs in order to compare and distinguish the diverse perceptions for me to give my thoughts and reasons for this discussion.
In Australia, different residents live in various types of dwellings. This essay will mainly talk about the demographic characteristics which collect from census data and make comparisons to the housing characteristics to explore the relationships with them. The suburbs that have been chosen are Teneriffe and Hawthorne in Brisbane, which the maps have been shown below (the first one is Hawthorne and the second one is Teneriffe), and the reason for choosing these two areas are, they are two suburbs that close to each other. Also they are separated from the Brisbane River, which may imply that these two suburbs may not only have similar characters, but also have distinct properties. The number of people in Hawthorne is 4775 and the number of people in Teneriffe is 4699(ABS 2011a) (ABS 2011b). There are primarily three aspects to discuss, the first one is from income and rent side, secondly, it will be discussed by the person patterns, and third part will talk about the dwelling structure in different suburbs.
In the last decade the residential architecture scene has been a booming industry and it's not slowing down. As far as finding a career in this field I think it is an excellent choice for many reasons.
The housing front is mostly vital for national economy and human settlement. Real estate as a business sector includes many services and operations, which is well beyond the real estate development and brokerage. Ethiopia real estate market is an infant stage of development to serve and potentially accommodate many services and operations for employment and investment, which in turn enhance its Development (in to maturity). But in an inefficient infant market, like what is prevalent in our country the sector has much gap to be
The methodology enabled the researcher to offer more insight into the issue of housing and health and helped further in the development of ideas as well as hypotheses for the quantitative research. The researcher used the qualitative methodology to uncover the trends witnessed in the housing and health realm mostly through thought and opinions which enabled him to delve more into the issue (Chilisa,2012). The main data collection techniques used by the researcher included observations and interviews.