10.48346/IMIST.PRSM/AJLP-GS.V3I3.18860
Belete, Masresha Asnakew
Market Rent Determinant Variables of Residential Apartments in Addis Ababa, Ethiopia
African Journal on Land Policy and Geospatial Sciences
2020
Market Rent, Residential Apartments, Determinant Variables.
2019-12-21
2019-12-21
2020-12-04
2020-12-04
en
Article
116-1435-18860
Abstract The purpose of this study was to identify rent determinant variables of residential apartments. Reviews of substantial empirical results in different countries indicate that rental value is a result of the combined contribution of the integrated components of the property, amenities, and externalities. To test the significance of some variables on monthly rent in the case study areas, multiple regression model is used for 164 samples in three purposefully selected case study areas. The regression results indicate as nine significant variables are determinant variables of monthly rent at the 95% level of confidence interval. This study may be contributing decisive role for property managers, real estate developers, income tax assessors, real property owners, lending institutions and other interested bodies.
African Journal on Land Policy and Geospatial Sciences, Vol. 3: Special Issue 3