Measuring Affordability of the Middle Income Group for Residential House Price in Real Estate Sector of Rajshahi, Bangladesh
AbstractHousing affordability has been an indicator of socio-economic status. Due to the rapid urbanization of developing countries like Bangladesh the dousing demand is always on a high. This increasing demand opposite to a lack of supply makes houses unaffordable for the middle income groups in the metropolitan cities like Rajshahi. This research is carried out to examine the level of housing affordability of the middle income groups in Rajshahi by using Price to Income Ratio (PIR) approach. PIR is applied to the residential units provided by the Real Estate agencies, which reveals that these are moderate to severely unaffordable for the target group. It is hoped that this paper could be able to provide a clear understanding useful insight on housing affordability for the middle-income group of Rajshahi.
. BANGLADESH BUREAU OF STATISTICS, “population census 2011.” 2011.
. BANGLADESH BUREAU OF STATISTICS (BBS), “population and housing census 2011,” no. 1, pp. 6–8, 2011, doi: 10.16309/j.cnki.issn.1007-1776.2003.03.004.
. BANGLADESH BUREAU OF STATISTICS (BBS), Population Monograph of Bangladesh. 2015.
. M. Z. S. Chowdhury, “The Housing Affordability Problems of the Middle-income Groups in Dhaka : A Policy Environment Analysis,” pp. 1–398, 2013, doi: 10.5353/th_b5108652.
. A. D. Bank, “K Ey I Ndicators,” Development, no. April, 2010.
. A. V. Banerjee and E. Duflo, “What is middle class about the middle classes around the world?,” J. Econ. Perspect., vol. 22, no. 2, pp. 3–28, 2008, doi: 10.1257/jep.22.2.3.
. JICA, “emerging middle-income class in Bangladesh.” 2016.
. A. S. Giti, “Measuring Ownership Housing Affordability of Middle Income People in Dhaka City,” pp. 1–7, 2018.
. U. Bangladesh, “Bangladesh 2016 Politics , Governance and Middle Income Aspirations,” 2016, [Online]. Available: www.bd.undp.org/content/dam/bangladesh/docs/.../Pub2016/policy brief.pdf?...
. N. Md. Sani @ Abd. Rahim, “Price to Income Ratio Approach in Housing Affordability,” J. Econ. Bus. Manag., vol. 3, no. 12, pp. 1190–1193, 2015, doi: 10.7763/joebm.2015.v3.357.
. M. Topcu and A. Kubat Sema, “The Analysis of Urban Features that Affect Land Values in Residential Areas,” Proc. 7th Int. Sp. Syntax Symp., no. April, pp. 26.1-26.9, 2009.
. N. S. Razali, N. I. Menan, S. V. Teng, N. L. Ting, N. H. Mahayuddin, and M. S. A. Rahman, “Factors affecting industrial property value,” Int. J. Sci. Technol. Res., vol. 9, no. 1, pp. 212–217, 2020.
. O. B. Messah, “Factors Influencing Real Estate Property Prices A Survey of Real Estates in Meru Municipality , Kenya,” J. Econ. Sustain. Dev., vol. 2, no. 4, pp. 34–54, 2011.
Copyright (c) 2021 American Academic Scientific Research Journal for Engineering, Technology, and Sciences
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors who submit papers with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
- By submitting the processing fee, it is understood that the author has agreed to our terms and conditions which may change from time to time without any notice.
- It should be clear for authors that the Editor In Chief is responsible for the final decision about the submitted papers; have the right to accept\reject any paper. The Editor In Chief will choose any option from the following to review the submitted papers:A. send the paper to two reviewers, if the results were negative by one reviewer and positive by the other one; then the editor may send the paper for third reviewer or he take immediately the final decision by accepting\rejecting the paper. The Editor In Chief will ask the selected reviewers to present the results within 7 working days, if they were unable to complete the review within the agreed period then the editor have the right to resend the papers for new reviewers using the same procedure. If the Editor In Chief was not able to find suitable reviewers for certain papers then he have the right to accept\reject the paper.B. sends the paper to a selected editorial board member(s). C. the Editor In Chief himself evaluates the paper.
- Author will take the responsibility what so ever if any copyright infringement or any other violation of any law is done by publishing the research work by the author
- Before publishing, author must check whether this journal is accepted by his employer, or any authority he intends to submit his research work. we will not be responsible in this matter.
- If at any time, due to any legal reason, if the journal stops accepting manuscripts or could not publish already accepted manuscripts, we will have the right to cancel all or any one of the manuscripts without any compensation or returning back any kind of processing cost.
- The cost covered in the publication fees is only for online publication of a single manuscript.