AFFORDABILITY OF CONDOMINIUM HOUSING IN TIGRAY REGION: CHALLENGES AND PROSPECTS IN THE CASE OF ADIGRAT TOWN

Abstract

This study was conducted in Adigrat Town Eastern Zone of Tigray Regional State, Northern Ethiopia with the general objective of assessing major challenges and prospects of condominium housing affordability. In order to carry out the stated objectives of the research, both primary and secondary data were collected from 284 sample house-hold heads in six condominium sites and analyzed through descriptive statistics such as percentage, tabulation, frequency and bar graphs. The result of the current study showed that occupational status of residents was mostly government employers who were accessible in housing. Condominium house was more affordable for the better income earner than the lowers. Majority of respondents in study area were adult, government employee, female headed and educated. The main challenges of condominium housing affordability were Level of income, Employment level, Interest rate of housing cost and Housing cost. While the opportunity of condominium housing for the residents were to create job opportunity, to improve sociocultural network, to improve living standard and decrease slum area. Give special attention to facilitate the low-income housing provision and provide affordable houses to the lower income residents of Adigrat Town, with improve housing policies and implementation strategies. Maximize the capacity of micro and small enterprises with creating a massive job opportunity, to make the urban poor be an income generator.