Exploring the Severity of Factors Influencing Sustainable Affordable Housing Choice: Evidence from Abuja, Nigeria

It is a shared global experience that a house which is already expensive will become even more costly. This experience is partly because housing supply has always failed to satisfy demand. In many developing countries, the issues of affordable housing supply center on shortage and poor distribution. Recent studies on this subject reveal that distribution-related problems can be addressed through choice reconciliations. Therefore, understanding how housing affordability problems affect housing choice enables a broader interpretation of the issue. Thus, critical in housing policy making and implementation, as well as towards sustainable development/delivery of affordable housing programs. In Nigeria, housing choice has never been investigated, neither has it been studied within the framework of sustainability. It is not a common strategy to incorporate sustainability into the concept of affordable housing choice. However, integrating sustainability into the concept of affordable housing choice allows for the introduction of wide-ranging and broader criteria such as environmental and social factors, which are routinely neglected in housing choice literature. Therefore, this study aims at filling this literature gap by identifying the determinants of sustainable affordable housing choice (SAHC) in the study area. The purpose is to establish the severity of the identified factors based on respondents’ perception and discuss the agreement levels amongst the three respondent groups. Regarding this, a comprehensive list of 43 different factors contributing to SAHC were determined through a systematic literature review. Based on which a survey of 83 affordable housing applicants, 102 and 69 residents of affordable housing estate and shantytown respectively, was performed. Through statistical analysis, results reveal that the factors affecting SAHC cuts across economic, social and environmental dimensions. Also, there is an agreement (correlation) by each group and the overall ranking of all participants. The tests confidence level for all inferential statistics was 95%, which implies 0.05 level of significance. These figures indicate that the data were obtained from the same population and points to the relatedness of factors identified. Using principal component analysis (PCA), the 43 different factors were narrowed down to seven. The study findings show that “Housing price in relation to income” and “rental price in relation to income” are the most severe factors with relatively high overall scoring, which is consistent with similar studies in this domain. However, it was uncovered that respondents placed high priorities on other non-economic factors like security (safety), housing location and building type. The study presents an interesting topic, usually unexplored in the field of decisions and public policy. It argues that at present, the housing affordability concerns and affordable housing choice determinants in the study area cannot be restrictedly defined in economic terms. Our findings build on previous studies and reiterate the need to consider a broader view towards affordable housing problem. It offers salient information to stakeholders and real estate companies, which could aid sustainable development/delivery of housing projects that are affordable.

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Housing Prices in Unregulated Markets: Study on Verticalised Dwellings in Santiago de Chile

Buildings ◽

10.3390/buildings10010006 ◽

2019 ◽

Vol 10 (1) ◽

pp. 6 ◽

Cited By ~ 1

Author(s):

José Francisco Vergara-Perucich ◽

Carlos Aguirre-Nuñez

Keyword(s):

Housing Market ◽

Affordable Housing ◽

Housing Prices ◽

House Price ◽

Housing Price ◽

Housing Affordability ◽

Price Formation ◽

Land Values ◽

Santiago De Chile ◽

Data Transparency

Chile faces a housing affordability crisis, given that most of the population is unable to secure a house. While housing prices between 2008 and 2019 increased by 63.96%, wages only increased by 21.85%. This article presented an analysis of the housing price configuration for the main borough in the country—Santiago. The assessment focused on verticalised housing constructed between 2015 and 2019. The article developed an exploratory study on the price of housing in Santiago to generate a diagnosis to identify the role played by expectations of profitability when configuring price. Based on the information generated, we sought to contribute to the discussion on public policies that advance the development of affordable housing in central boroughs with high urban value, as is the case for Santiago’s borough of Greater Santiago. We hypothesised that profit expectation of real estate developers plays a key role in the housing prices, and an adjustment in the profit ratios might increase the affordability while keeping the housing market above profitable rates. This research addressed the lack of data transparency in the Chilean housing market with archival research, reconstructing costs and earnings from projects based on official registrations of transactions at the borough level. In Chile, the access to investment costs, land values, yields, and house price formation are not publicly available, even though these factors imply that many households are facing severe difficulties in paying for and accessing decent housing.

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

International Journal of Housing Markets and Analysis ◽

10.1108/ijhma-01-2019-0009 ◽

2019 ◽

Vol 13 (3) ◽

pp. 375-392 ◽

Cited By ~ 2

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.

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Submission to the House of Representatives Standing Committee on Tax and Revenue’s inquiry into Housing Affordability and Supply

10.31219/osf.io/prsy4 ◽

2021 ◽

Author(s):

Cameron Murray

Keyword(s):

Interest Rates ◽

Affordable Housing ◽

House Prices ◽

Asset Price ◽

Housing Affordability ◽

Public Healthcare ◽

Housing Supply ◽

State Planning ◽

Housing Systems ◽

The Past

•There are more, bigger, better, dwellings per capita in Australia in 2021 compared to any point in history.•Multiple government inquiries at all levels over the past two decades have ostensibly sought to find the cause of house prices hidden in the pages of local zoning laws. •Dwellings are assets and are priced based on financial market conditions. •Density (dwellings per unit of land) and the rate of supply (new dwellings per period of time) are conceptually different but often confused in housing supply discussions.•This submission argues that market housing supply has exceeded household demand. State planning systems have flexibly accommodated new supply while regulating the location of different types of dwellings. •Compared to household incomes and rents, the cost of buying a home (measured by mortgage payments) in 2021 is historically cheap. This is due to lower interest rates and is why intercensal homeownership is expected to rise in 2021. However, asset price adjustments will mean that this situation will not persist. •Taxes on property are efficient and fair and do not add to housing costs but rather subtract from property values.•Affordable housing is cheap housing. Cheaper housing means lower rents and prices. Any “affordability” policy that reduces market prices will remove billions in landlord revenues each year, transferring that value to tenants, and trillions in housing asset values, with that value transferred to future buyers. •Fostering parallel non-market housing systems, just as public healthcare provides a non-market medical system, can be an effective way to improve housing affordability. •There are no local, international, or historical examples of planning reforms leading to cheaper housing. Indeed, a Productivity Commission review concluded “given the small size of net additions to housing in any year relative to the size of the stock, improvements to land release or planning approval procedures, while desirable, could not have greatly alleviated the price pressures of the past few years.” (p154)

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A PROPOSAL FOR AFFORDABLE WAQF HOUSING PROJECTS IN MALAYSIA: PUBLIC PERCEPTION OF HOUSE CHARACTERISTICS

PLANNING MALAYSIA JOURNAL ◽

10.21837/pm.v19i17.1004 ◽

2021 ◽

Vol 19 (17) ◽

Author(s):

Nor Azizan Che Embi ◽

Salina Kassim ◽

Roslily Ramlee ◽

Wan Rohaida Wan Husain

Keyword(s):

Affordable Housing ◽

Low Income ◽

Structural Equation ◽

Public Perception ◽

Housing Prices ◽

Housing Price ◽

Income Group ◽

Housing Affordability ◽

High Income Group ◽

Housing Projects

Housing affordability is important to ensure houses are affordable to everyone across all income categories, whether they are in the low-income, middle-income (M40), or high-income group. Building housing projects on waqf land will help increase the supply of affordable houses, especially targeted at the M40 group, while also addressing the shortage of affordable housing for the M40 cohort. This study analyses public perceptions of house characteristics and relate these factors to affordable housing prices. The independent variables are location, infrastructure, facilities, size, design and quality. By applying a quantitative research design, the study aims to understand the relationship between various demanded housing characteristics vis-a-vis the price of the house. A sample of 261 usable responses was analysed using the Structural Equation Modelling (SEM). The results show that house size is not statistically significant in influencing the housing price, while location, infrastructure and design of the house are positively significant factors. These findings are expected to provide important inputs to the relevant authorities on factors that are critical in influencing the prices of housing projects built on waqf land in Malaysia.

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HOUSING AFFORDABILITY IN THE STATE OF JOHOR

PLANNING MALAYSIA JOURNAL ◽

10.21837/pm.v15i1.251 ◽

2017 ◽

Vol 15 ◽

Author(s):

Mariana Mohamed Osman ◽

Muhammad Adib Ramlee ◽

Nasriah Samsudin ◽

Noor Suzilawati Rabe ◽

Muhammad Faris Abdullah ◽

...

Keyword(s):

Affordable Housing ◽

Housing Prices ◽

Housing Price ◽

Housing Affordability ◽

The State ◽

Property Market ◽

Population Changes ◽

Demand And Supply ◽

Economic Theories ◽

Income Ratio

The Malaysian property market has been facing significant changes in terms of housing price since a decade ago and these changes are different between states. The changes in housing prices are being supported by the economic theories of demand and supply as well as the regional economic and demographic factors such as income level, housing supply stock, speculative buying and population changes. This paper provides an overview of the affordable housing policy and elaborates on the housing affordability index for the districts in the State of Johor. Using datasets for year 2012 and 2014 in order to determine the median multiple of price-income ratio, this paper found that housing in all the districts were generally unaffordable. Some districts recorded HAI of severely unaffordable, while others in the seriously and moderately unaffordable index categories.

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Sustainable development of housing construction in a major city due to the standard-class segment

E3S Web of Conferences ◽

10.1051/e3sconf/202129603010 ◽

2021 ◽

Vol 296 ◽

pp. 03010

Author(s):

Aleksey Pestryakov ◽

Nadezhda Sbrodova ◽

Alisa Titovets ◽

Polina Pysova

Keyword(s):

Sustainable Development ◽

Russian Federation ◽

Affordable Housing ◽

Sustainable Development Goals ◽

Housing Construction ◽

Strategic Objectives ◽

Factors Affecting ◽

Development Goals ◽

The Russian Federation ◽

The City

Within the framework of achieving several sustainable development goals, the construction of high-quality and affordable housing for citizens is considered. According to the Decree of the President of the Russian Federation “On national goals and strategic objectives of the development of the Russian Federation for the period up to 2030”, it is necessary to increase the volume of housing construction to at least 120 million square meters per year. The construction of standard-class housing contributes to the achievement of these goals. The article uses regression analysis to determine the main factors affecting the construction of standard-class housing in the city of Yekaterinburg. The problems and prospects for the development of housing construction at the expense of the standard-class segment are also identified.

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Single Mother Affordability to Own a House

Journal of Applied Philosophical Management and Innovation ◽

10.26805/japmai.v1i1.20 ◽

2018 ◽

Vol 1 (1) ◽

pp. 1

Author(s):

Azizah Binti Ismail

Keyword(s):

Single Mothers ◽

Affordable Housing ◽

Single Mother ◽

House Price ◽

Housing Price ◽

Secondary Data ◽

Sampling Technique ◽

Housing Affordability ◽

Primary Data ◽

Affordable House

The issue of housing affordability often involves middle and lower income groups. However, the problem of housing affordability is more critical, experienced by single mothers due to single mother is an individual who is the head of the family. The objective of this research to examine the factors that influences the problem of single mothers to own their own house. In addition, this research also to identify the type and price range of affordable house for single mothers. The process of the study begins from problem identification, literature review, case study, data collection, analysis and interpretation of research findings. Questionnaires are used to collect the primary data from respondents while literatures reviews are the secondary data for the research. The sample of this research includes 95 single mothers who are working and registered under The Ministry of Women and Family Darul Takzim. The random sampling technique was the method of sampling utilized. The findings of the research found out that there are a few main factors which influence the affordability of single mother to own their own house influenced by socio economic status such as race, age, single mother status, level of education, working period, the number of household, lower household incomes and house prices in the market. Besides, the type of affordable house may afford by single mothers is single storey and double storey house in a range price between RM50,000 to RM100,000. They are also may own an affordable housing provide by government which is single and double storey low and medium cost in range RM50,000 to RM80,000. In the end of study, various proposals are recommended such as government should control the house price in the market, loosening the loan conditions, the payment of 10 percent deposit and also loosening the rate interest. For developer, they should increase the number of housing for target groups and carry out the market study to identify the affordable housing price.

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Stable development of travel business in the Odessa region: Estimate using multivariate statistical analysis

SHS Web of Conferences ◽

10.1051/shsconf/20219101035 ◽

2021 ◽

Vol 91 ◽

pp. 01035

Author(s):

Valerii Matskul ◽

Anatoliy Kovalyov ◽

Valentyn Chernyshev ◽

Diana Okara

Keyword(s):

Principal Component Analysis ◽

Sustainable Development ◽

Statistical Analysis ◽

Multivariate Statistical Analysis ◽

Principal Component ◽

Multivariate Statistical ◽

The Sustainable Development ◽

Factors Affecting ◽

Path Modelling ◽

Stable Development

The article examines the level of sustainable development of the travel business in the Odessa region of Ukraine. This level is evaluated as a latent indicator, which is characterized by a certain set of signs-symptoms. The methodology used for modeling is Partial Least Squares-Path Modelling (or PLS-PM) and the method Time-Wise Multi-Way Principal Component Analysis. This approach allowed us to identify and evaluate latent and explicit factors affecting the sustainable development of travel business in the Odessa region.

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Lifestyle of Generation Y in Thailand’s Rural Society

International Journal of Social Science and Humanity ◽

10.18178/ijssh.2021.v11.1041 ◽

2021 ◽

pp. 63-69

Author(s):

Kanokwara Phuangprayong ◽

◽

Sanit Noonin

Keyword(s):

Generation Y ◽

Rural Areas ◽

Rural Society ◽

Principal Component ◽

Study Data ◽

Factors Affecting ◽

Modern Development ◽

Service Areas ◽

Level Of Significance ◽

The Impact

The research aimed to analyze the component of lifestyle of generation Y and explore factors affecting the lifestyle of generation Y in Thailand’s rural society. Data were collected by questionnaire from 393 samples who are generation Y (18 to 37 years old in 2018) and lived in rural areas of Thailand, that were the communities in service areas of the graduate volunteer students, Class 49, Thammasat University. In this study, data were analyzed by using descriptive statistics, factor analysis by employing principal component analysis and multiple regression analysis (Enter Method). The results showed that in each lifestyle; activities, interests and opinions of generation Y can be classified into 9 groups and factors affecting the lifestyle of generation Y in Thailand’s modern rural society were age, marital status, education level, income adequacy, the membership of a group or organization in the community, affected by state policy, the impact of modern development and using social media. These variables could predict the lifestyle of generation Y in Thailand’s modern rural society at 31.5% at the .05 level of significance.

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Mitigating housing glut: an application to the Malaysian housing market

International Journal of Housing Markets and Analysis ◽

10.1108/ijhma-04-2020-0037 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Chee Yin Yip ◽

Abdelhak Senadjki ◽

Hui Nee Au Yong ◽

Azira Abdul Adzis

Keyword(s):

Economic Growth ◽

Housing Market ◽

Affordable Housing ◽

Positive Impact ◽

Housing Prices ◽

Housing Price ◽

Relative Effect ◽

Housing Affordability ◽

Third Party ◽

Content Type

Purpose This paper aims to construct a model procedure to mitigate housing glut by using both qualitative and quantitative approach. The model applied in the Malaysian context analyzes the following: information contained in media articles and reports issued by Bank Negara Malaysia (BNM) on the housing market to extract the true picture of the housing glut issue; the relative impact (effectiveness) of housing affordability, housing prices and economic growth in influencing housing glut, and how it can be overcome so that appropriate preferential policies can be taken to mitigate the problem. Design/methodology/approach This study uses quarterly data from 2000 to 2017 to conduct economic analysis, economic theory analysis and cointegrating regression, whereas information from media-published housing articles and reports issued by BNM are examined and interpreted to draw the true picture of housing glut. Findings The results obtained from quantitative analysis show that housing affordability exerts very mild relative effect (0.0097) negatively on housing glut, whereas economic growth and housing price produce a relatively mild positive impact of (0.020) and (0.022), respectively, conflicting to the common consensus that the two factors have a significant effect on housing glut. Qualitatively, the results of this study show that housing glut seems to be relatively larger for affordable housing, which is contrary to the quantitative results, pointing to the existence of other influencing factors. Research limitations/implications There is an imperative need for a third-party survey to gain a comprehensive understanding of the market conditions and buyers’ sentiment and preference. Originality/value This study compares both quantitative and qualitative results with expected housing market movements and responses based on conventional wisdom.

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