Housing Supply vs. Affordability: Who can afford the Private Housing Schemes in Aden (Yemen)?.

Document Type : Research Studies

Author

Associate Professor., Architectural Engineering Department., Faculty of Engineering., Sana'a University., Sana'a (Yemen)

Abstract

Since the early 1990s, the housing affordability issue has been the main concern  of the majority of the urban  sector in Aden . The urban sector before unification were benefited from the welfare housing system and paid only  nominal rents . They were unaccustomed to home purchase . After unification in 1990 . however , the government decided to terminate the previous welfare  housing allocation system . Housing supply , therefore was dominated by the private sector . The urban sector was forced to enter the market for housing service  provision .
There is a changing housing price-to-income ratio ( PIR ) since 1990 . The rapid increase of house prices has eroded the capability for homeownership . As  a  result , affordable private housing have experienced higher demand pressure . Without additional residential supply , demand  will pull the price up and , therefore , reduce the amount of affordable accommodation .
This paper will discuss :
The current housing situation regarding housing policy evolution in Aden .
Housing affordability definition and housing affordability barriers by reference to current literature.
A model of housing affordability will be set to examine the affordability of housing schemes provided by private housing developers
In this paper , it is not attempted   to present a prescription for problem remedy .
Nonetheless, identification and developing under standing of the affordable informing policy and practice

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