The Determinants Of House Rent Price Of Urban Residential: A Case Of Nifas Silk Lafto Sub-City Addis

Abstract

The purpose of this study was to identified and examine the determinants of house rent price of urban residential in the case of Nifas Silk Lafto Sub-city in Addis Ababa city administration. In order to answers the research basic questions, the researcher was used explanatory research method and quantitative research approach by used primary source of data. The data had been collected through structured questionnaires distributed to 384 sub city household had been lived in housing rent. The data collected were analysed by using STATA software version 14. The OLS Regression method was applied to test coefficient and t-values of significant that determines housing rent price. The study shows that, the age of household, gender of household, size of household, income of household, secondary education, house rent status. Occupation of household are significantly determines the price of house rent of residents. This study recommended that the government shall efficiently and effectively conducted the housing constructions and shall transfer housing on time to beneficiary. In addition the government shall decree the law of housing rent to stabilize the housing rent price in urban area.