![]() ![]() Part I of the book deals with the informal urban economy. The information clearly elucidates ‘how to’ and ‘why to’ incorporate informality as a rational strategy of local and national governments in a situation where they cannot create enough employment, nor provide the necessary services. The book commences with an introduction, which contains the history of the informal sector and the conceptualization by sketching a number of theoretical developments. Furthermore, in an economic sense, it is crucial to examine the urban land value determinants from both demand and supply side at a time when less attention has been paid thereto in the literature. Originality/Value: Several studies that have assessed urban land expansion and administration, however, paid less attention to the urban land lease market. Moreover, the municipal government should ensure equitable access to urban land by controlling land speculation. 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. The following are the complete list of names and other relevant information for the winners of the Ethiopian condominium lottery.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. It is commonly believed that Addis Ababa is the only city with condominiums, but that's not true, the Ethiopian Housing Agency has built condominiums throughout the country even in the eastern reaches of the country like Harar have these buildings. The planned construction of these edifices, is not going to slow down, in fact, there is talk that the Housing Agency plans to build a lot more than previously stated. The government's Addis Ababa Housing Agency has been offering these lottery schemes for almost 10 years now, and a lot of people are satisfied with their decision to buy these condominiums. It is a fact that today's Ethiopian real estate market is booming and prices steadily increase practically every month. Though it might be a while till your name is put on the Addis Ababa Housing Agency's condominium winners list, people can still choose to purchase one while the prices are low. These condos are also easily rented out, which can provide a nice supplementary income. One can buy or lease the condominium, instead of having their cash sit in a bank with low interest payments. The number of people on the waiting list is massive, which explains the popularity of Ethiopian condominiums.Ĭondominiums are now generally considered a great investment in Ethiopia. One has to register and wait till their names are released in the Addis Ababa Housing Agency condominium winners list. Since the popularity of these condominiums has risen, the Addis Ababa Housing Agency is now offering them through a lottery. The Addis Ababa Housing Agency in its attempt to help ease the housing shortage has taken it upon itself to build these condominiums throughout the city. Today apartments and condos have provided the people with an extraordinary new way of living, especially the 20/80 condominiums. Addis Ababa Condominium Housing Agency - 20/80 Condominium Winners List 2017 & 2018 Condominiums are a relatively new addition to Ethiopian life. ![]()
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