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The Ghanaian transaction‐based residential indices

Wilfred K. Anim‐Odame (Lands Commission, Accra, Ghana)
Tony Key (Cass Business School, City University, London, UK)
Simon Stevenson (Cass Business School, City University, London, UK)

International Journal of Housing Markets and Analysis

ISSN: 1753-8270

Publication date: 10 August 2010

Abstract

Purpose

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The purpose of this paper is to provide technically robust indicators of housing market performance from the records held by the Ghana Land Valuation Board, through the construction of the first ever residential price and rent indices for the aggregate and disaggregate markets.

Design/methodology/approach

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The approach involved time series produced from hedonic models using 3,250 transaction‐based data, running from 1992 to 2007, and documents on movements in capital and rental values in Accra and Tema, the dominant commercial conurbations in the country.

Findings

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The paper makes a major contribution to knowledge and understanding of housing market dynamics in Ghana. The results suggest that the derived price and rent indices look, at first sight, reasonably plausible with cyclical trends showing weak and strong patches.

Originality/value

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The paper focuses on the development of formal housing markets through a detailed case study of Ghana, and provides findings and models of a wider application in other emerging economies.

Keywords

Citation

Anim‐Odame, W.K., Key, T. and Stevenson, S. (2010), "The Ghanaian transaction‐based residential indices", International Journal of Housing Markets and Analysis, Vol. 3 No. 3, pp. 216-232. https://doi.org/10.1108/17538271011063889

Download as .RIS

Publisher

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Emerald Group Publishing Limited

Copyright © 2010, Emerald Group Publishing Limited

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