![]() ![]() Hence, the municipality should enhance infrastructure development across all plot locations and exercise strict control of land speculation to increase municipal revenue, and address supply and demand-driven challenges. Practical Implication: The rapid urbanization in Ethiopia has generated intensified supply and demand-driven challenges for public policy. On the other hand, distance, and plot inaccessible to basic services associated negatively and significantly with the urban land lease markup price. Auctioneers paid a premium for plots having a larger size, extended payment period, access to basic services, and specified for residential housing. The findings revealed that plot size, payment period, monthly income, plots accessible to basic services, plot location, land use type, and land lease auctioned period associated positively and significantly with the urban land lease markup price. Findings: The study found both supply and demand-driven factors associated with plot markup price. The model produced robust relationships and consistent results with previous studies. The data was analyzed using the pooled ordinary least square technique. ![]() The data was gathered from the Mekelle municipality between 2014-2019. Design/Methodology/Approach: A nomothetic methodology with a standardized and quantitative method of data analysis was adopted for this study. Purpose: The ultimate objective of the study is to examine the determinants of the urban land lease market in an emerging economy with empirical evidence from Ethiopia. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |