- Demand for Owner, Renter and Squatter Housing in Urban Bangladesh    click here to open paper content7 kb
by    Ahmad, Sohail | architectsohail@gmail.com   click here to send an email to the auther(s) of this paper
Short Outline
This study estimates housing demands and demand for housing attributes in urban Bangladesh. The study argues that development of rental housing market would be a viable solution for adequate housing consumption.
This paper estimates the determinants of housing demand and housing attributes, with the intention of informing policy aimed at reducing the housing deficit and improving housing conditions in urban Bangladesh. The study uses Household Income and Expenditure Survey (HIES) – 2010, consists of 4,400 urban households selected from 360 urban primary sampling units.
Results reveal that (a) housing demand is inelastic with respect to income and price, (b) price elasticity (- 0.05 ~ -0.18) is more than income elasticity (0.39 ~ 0.69) in absolute terms and (c) income/price elasticities of owner households are more than renter households. Furthermore, demand for housing attributes are in quantitative and qualitative terms for owner/renter households but squatter households have demand in quantitative term with certain urban amenities but not structural quality.
The analyses suggest enabling and encouraging strategies to increase urban land supply would be effective in reduce housing deficit. Promotion of the renter housing market, particularly of better quality, focussed in Statistical Metropolitan Areas (SMAs) will be also effective. There is a need to develop low cost housing with a ‘provision of incremental dwelling’ approach, and tenure security in squatter households with particular focus on SMAs.
housing demand, price and income elasticities, housing attributes, urban Bangladesh
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