scholarly journals Mortgage Finance Market and Housing Affordability in Urban Areas in Rwanda: A Case of Kigali City

2018 ◽  
Keyword(s):  
Urban Areas ◽  
Housing Affordability ◽  
Mortgage Finance

An analysis on housing affordability in Malaysian housing markets and the home buyers’ preference

2019 ◽  
Vol 13 (3) ◽  
pp. 375-392 ◽  
Author(s):  
Amy Soon ◽  
Consilz Tan
Keyword(s):  
Housing Policy ◽  
Affordable Housing ◽  
Urban Areas ◽  
Housing Price ◽  
Housing Markets ◽  
Housing Demand ◽  
Housing Affordability ◽  
Monthly Income ◽  
Content Type ◽  
Residential Units

Purpose This paper aims to investigate the housing preference and housing affordability in Malaysian housing markets. There is a lack of research on the gap between supply and demand of houses in this market. Urbanization has increased the demand of houses in urban areas. However, the high demand in residential units increases the housing price which causes the affordability level dropped. Besides, the residences that provided by developers do not meet the expectation of the home buyers. There are three attributes that examined in this research to understand the home buyers’ preference. Design/methodology/approach This paper provides quantitative analysis on the housing affordability and the home buyers’ preference. This paper presents the results on the home buyers’ housing affordability and buying preference on houses. In addition, the study further confirmed the significant relationship between monthly income and type of preferred house, as well as monthly income and range of housing affordability using cross-tabulation analysis. Findings The findings indicated that the housing price in the current market is not affordable by most of the homebuyers and there are certain attributes that important to home buyers which should not be neglected. Research limitations/implications This paper helps to shed light on the planning of Malaysian housing policy especially on the issue of providing affordable housing in urban areas. Practical implications Policymakers shall consider the elements of economics, social acceptance and feasibility of Malaysian housing policies to achieve sustainability in Malaysian housing markets. With the current government’s move to promote housing affordability amongst B40 income groups, local government and housing developers should work together in addressing housing demand in accordance to states and ensure that there is a more targeted housing policy. Social implications With the detailed analysis on the home buyers’ preference, it helps to promote sustainable housing developments in meeting basic housing needs and preference. Originality/value This is the first study to examine relationship between Malaysian housing affordability with monthly income and type of preferred house. In the meantime, the housing affordability is compared with mean housing price and type of perceived affordable house. The paper presented homebuyer’s preference in housing for the consideration of government and housing developers in providing affordable housing.

Exploring preferences for affordable housing criteria importance among EWS in India

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Pavan Namdeo Ghumare ◽  
Krupesh A. Chauhan ◽  
Sanjaykumar M. Yadav
Keyword(s):  
Affordable Housing ◽  
Urban Areas ◽  
Supply And Demand ◽  
Housing Affordability ◽  
Town Planning ◽  
Content Type ◽  
Housing Projects ◽  
Questionnaire Surveys ◽  
Planning Experts ◽  
Criteria Importance

Purpose The purpose of this paper is to provide affordable housing to economically weaker section (EWS). The enormity of India’s housing affordability problem has led the authors to study and analyze the criteria delaying an affordable housing for EWS. The issues affecting supply and demand for affordable housing in Indian urban areas for EWS are analyzed. Design/methodology/approach The judgment sampling is used among housing and planning experts working in five different sectors, including local authorities, housing developers, housing sectors, town planning and property/affordable housing consultants. The study has established the problem and acknowledged 30 factors behind it. A total of 349 questionnaires were administered among the housing experts in 4 states of India. Descriptive statistical method was used to determine the significance of criteria. Findings A complete structure of criteria signifying housing affordability, established by the authors, is validated and analyzed in this paper. The questionnaire surveys were conducted with housing and planning experts across the four states of India to determine household perceptions on the criteria contributing to housing affordability and to rank these criteria according to their importance. The study establishes that the experts’ views on this issue differ insignificantly across different states of India, while they differ in certain levels depending on the urban area. Practical implications To build successful societies for the future, the authors wish to draw closer on affordability issues for EWS. The suggestions prominent information to investors, and real estate firms, which could assistance ecological growth of housing projects that are affordable. Originality/value Based on the examination of the ranking and greatness of housing criteria, this paper further suggests possible developments for EWS in India.

scholarly journals HOUSING AFFORDABILITY AND INTER-REGIONAL MOVES AMONG OLDER ADULTS

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S276-S276
Author(s):  
Sarah Mawhorter ◽  
Jennifer A Ailshire
Keyword(s):  
Older Adults ◽  
Rural Areas ◽  
Urban Areas ◽  
Low Cost ◽  
Housing Prices ◽  
Well Being ◽  
Housing Affordability ◽  
Housing Crisis ◽  
Mobility Patterns ◽  
Home Equity

Abstract Housing prices have risen in urban areas across the US since 2000, with only a brief interruption after the housing crisis of 2008. At the same time, prosperous urban areas have pulled away from declining urban and rural areas. Older adults are more likely to be affected by both increases and divergence of housing prices: owners may not be able to afford rising property taxes (though they benefit from increasing home equity), and renters are especially vulnerable. Housing affordability constraints may also affect the places where older adults can afford to move. In this paper, we compare the residential mobility patterns of adults aged 50+ living in high-cost, mid-cost, and low-cost areas from 2000-2014, using data from the Health and Retirement Study with county-level US Census and American Community Survey contextual data, as well as the Zillow Home Value Index. We find that both homeowners and renters living in high-cost areas remain in place at higher rates compared with those living in mid-cost and low-cost areas. Among those who move, older adults living in high-cost regions move towards mid-cost and low-cost regions more often than the reverse. The differences are particularly pronounced for renters. The overall outcome is a net movement of older adults away from high-cost areas towards mid-cost and low-cost areas. These shifts have consequences for the well-being of older adults facing budget constraints that may limit the areas where they can afford to live or move, and broader implications for the future of urban areas.

scholarly journals Locatıon Housıng Affordabılıty as an Indıcator for Qualıty of Lıfe in Malaysıa

2017 ◽  
Vol 2 (6) ◽  
pp. 247
Author(s):  
Mohd Azren Hassan ◽  
Hazlina Hamdan ◽  
Jamalunlaili Abdullah ◽  
Yusfida Ayu Abddullah
Keyword(s):  
Quality Of Life ◽  
Urban Area ◽  
Affordable Housing ◽  
Low Income ◽  
Urban Areas ◽  
Well Being ◽  
Income Group ◽  
Economic Security ◽  
Housing Affordability

To have a quality of life is the ability to own a house. Housing affordability affects the quality of life concerning household well-being and economic security. The research sets to evaluate the location housing affordability for the low-income group base on housing and transportation expenditures in urban areas. 148 respondents have interviewed and by using an integrated Location Housing Affordability, it had indicated that location does influence housing affordability. The findings showed the urban area for the low-income group is seriously unaffordable. “Location" should be part of affordable housing because it affects housing affordability thus concerning the quality of life.

scholarly journals LOCATION HOUSING AFFORDABILITY INDEX: ANALYSING THE RELATIONSHIPS

2021 ◽  
Vol 19 (15) ◽  
Author(s):  
Mohd Azren Hassan ◽  
Yusfida Ayu Abdullah ◽  
Dasimah Omar ◽  
Muhammad Hakim Danial
Keyword(s):  
Urban Areas ◽  
Housing Prices ◽  
Housing Price ◽  
Sampling Technique ◽  
Simple Random Sampling ◽  
Housing Affordability ◽  
Primary Data ◽  
Klang Valley ◽  
The Relationship

Previous studies claimed that Malaysia is inclined towards a severely unaffordable housing price. Despite such crucial studies, the topics do not provide sufficient empirical evidence to establish a relationship between housing prices, housing and transportation expenditure in Malaysia. Therefore, this study examines the role of these variables in determining the Location Housing Affordability Index. The research had therefore identified measurement items that contribute to Location Housing Affordability Index. The primary data was obtained from urban areas in the Klang Valley using questionnaires, where a total of 363 respondents were selected using the Simple Random Sampling technique. The Partial Least Squares (PLS) method was adopted in analysing the collected data to determine the relationship. The outcome demonstrated the relationship between housing price, housing and transportation expenditure, indicating the significance of the Location Housing Affordability Index and can be a reference for housing policymakers.

scholarly journals An Assessment on Housing Affordability on Selected Urban Areas in Perak

2017 ◽  
Vol 23 (1) ◽  
pp. 108-112
Author(s):  
Mariana Mohamed Osman ◽  
Syafiee Shuid ◽  
Syariah Bachok ◽  
Siti Wahidah Muhamad Yusop
Keyword(s):  
Urban Areas ◽  
Housing Affordability

scholarly journals Neighborhood Walkability and Housing Affordability among U.S. Urban Areas

Urban Science ◽  
2019 ◽  
Vol 3 (1) ◽  
pp. 11 ◽  
Author(s):  
Bradley Bereitschaft
Keyword(s):  
Affordable Housing ◽  
Metropolitan Area ◽  
Urban Areas ◽  
Urban Neighborhoods ◽  
Housing Affordability ◽  
Urban Spaces ◽  
Metropolitan Region ◽  
Neighborhood Walkability ◽  
Walkable Neighborhood ◽  
Housing Age

With support and demand for walkable urban spaces on the rise, there has been growing concern among academics and practitioners of increasing exclusivity, particularly in amenity-rich areas. This study examines equity in neighborhood walkability from the perspective of housing affordability, asking whether more walkable urban neighborhoods have less affordable housing from the viewpoint of both neighborhood residents and households within the encompassing metropolitan region. While considering additional factors that may affect housing affordability, including coastal proximity, crime, rail access, housing age, housing size, and employment accessibility, the results indicate lower housing affordability primarily for renter households already living in walkable neighborhoods, but not for those looking to move to a more walkable neighborhood from within the same metropolitan area. Case studies of three large U.S. urban areas, Charlotte, NC, Pittsburgh, PA, and Portland, OR, highlight local variations in the walkability–housing affordability nexus.

scholarly journals Making Unaffordable to Affordable: Looking into Affordable Housing Issues and Its Remedies

2019 ◽  
Vol 15 (1) ◽  
pp. 22-29
Author(s):  
Muhammad Ahsan
Keyword(s):  
Affordable Housing ◽  
Indoor Air ◽  
Low Income ◽  
Urban Areas ◽  
Housing Stock ◽  
Critical Issue ◽  
Housing Affordability ◽  
Housing Development ◽  
Living Standards ◽  
Low Income Families

AbstractAffordable Housing is a critical issue in many developing countries that impacts their potential for sustainability and socio-economic development. Lack of affordable housing, slower growth of housing stock, and aging housing conflates numerous other problems in Pakistan, including overcrowding, poor indoor air quality, prevalence of preventable diseases, and development of slums and katchi abadies, etc. These challenges lessen living standards in many areas. Unaffordable housing forces low income families in urban areas to live in dilapidated areas. An increase in the construction of affordable housing is needed to mitigate housing affordability challenges in Pakistan. Setting aside land quotas for low-income families in housing development schemes is not sufficient because the households still lack the means to construct housing. This paper attempts to identify the causes of unaffordable housing and solutions for its provision.

scholarly journals Affordable Housing vs. Urban Land Rent in Widespread Settlement Areas

2020 ◽  
Vol 12 (8) ◽  
pp. 3129 ◽  
Author(s):  
Raul Berto ◽  
Giovanni Cechet ◽  
Carlo Antonio Stival ◽  
Paolo Rosato
Keyword(s):  
Affordable Housing ◽  
Social Housing ◽  
Urban Areas ◽  
Low Cost ◽  
Urban Land ◽  
Housing Affordability ◽  
Investment Fund ◽  
Land Rent ◽  
Northeastern Italy ◽  
Settlement Areas

Social housing constitutes a partial response to the demand for affordable housing. In Europe, there are different forms of social housing, which are distinguishable based on whether they employ a universal or residual approach. The latter is employed by Italian initiatives for social residential construction, the financial instrument of which is the Investment Fund for Housing, a closed-end fund managed by CDP (Cassa Depositi e Prestiti) Investment, which provides public–private partnerships. The main obstacle to the supply of low-cost houses is the high cost of building areas or, in other words, the high urban land rent. The value of building areas is particularly high in urban areas and in widespread settlement areas, for instance, in Northeastern Italy. The main objective of this paper is to identify the trade-off between urban land rent and housing affordability in a social housing intervention in Pordenone (Northeastern Italy). Four different scenarios are developed, the variables of which are: Cost of the area (urban rent), cost of construction works (quality of the buildings), and household income distribution. The results show that achieving the economic and social objectives of a social housing investment simultaneously is not possible in any of the scenarios evaluated. To allow the social groups most in need to access affordable housing would require a reduction of approximately 30% of the estimated cost of a building area.

Housing attributes affecting buyers in India

2019 ◽  
Vol 13 (4) ◽  
pp. 533-552 ◽  
Author(s):  
Pavan Namdeo Ghumare ◽  
Krupesh A. Chauhan ◽  
Sanjay Kumar M. Yadav
Keyword(s):  
Affordable Housing ◽  
Low Income ◽  
Urban Areas ◽  
Supply And Demand ◽  
Housing Affordability ◽  
Town Planning ◽  
Incentive Structure ◽  
Annual Household Income ◽  
Suggested Approach ◽  
Content Type

Purpose The purpose of this paper is to provide affordable housing to low- and middle-income groups. The gravity of India’s housing affordability problem has led us to study and analyse the attributes hindering affordable housing for economically weaker section (EWS) and low-income group (LIG). The attributes such as viable parameters, economic parameters, location and communication, regulatory, source of finance, construction, services and infrastructure parameters affect the supply and demand of affordable housing in Indian urban areas for EWS and LIG with an annual household income below 2 lakhs. Design/methodology/approach The judgement sampling is used amongst housing and planning professionals working in five different sectors, including local authorities, housing developers, housing sectors, town planning and property/affordable housing consultant. The Analytical hierarchy process method of multi-criteria decision-making was used to analyse the data collected. Findings A detailed analysis of the data collected reveals that a viable parameter is the most governing attribute in the supply and demand process of developing affordable housing. Major reforms can be implemented at various levels of housing development in the urban area that can help in reducing the affordability gap for EWS/LIG. The suggested approach will be helpful for developers, urban planners and decision makers while designing an affordable housing project. Originality/value The model being proposed in this paper seeks for a proficient allotment of policies and assets, to some extent, by remedying the current market distortions and different inconsistencies that negatively influence the incentive structure of the affordable housing section in India. This paper offers a plan for a housing procedure that is applicable to all measurements of housing poverty and the groups that sustain it. In this way, the current study is, to a greater extent, a facilitator, and not an immediate solution of affordable housing.

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