Status of Residential Homeownership and Its Determinants: The Case from Wolaita Sodo City, Southern Ethiopia

Abstract

Housing shortage has become a social crisis in Ethiopia in general and the study area in particular. However, which is not known about the factors exacerbating homeownership in the study area. In light of this problem, this study was conducted with objectives of Status of residential house ownership and its determinants in Wolaita Sodo city of Wolaita Zone, Ethiopia. The study was based on qualitative and quantitative data. The samples were selected by using mixed sampling design. Wolaita Sodo city was purposively selected and the primary data were collected from 174 respondents selected by random sampling technique from the total kebeles which were also selected by random sampling technique from 03 kebeles found in the city. Data were collected by using questionnaire, interviews and focus group discussion. Descriptive and inferential statistics as well as binary logistic regression model were used to analyze the data. Among all the respondents, 44percent were certified; while 56 percent were non-certified a house at the time of the study. From econometric model seven variables are the most significant variables namely occupation, education, saving, initiation to own a house, access of credit, monthly income, work experience. Among this saving, occupation and monthly income are at 1% significant level, household size, education, access to credit and working experience 5% significant level. based on the findings of the study the following recommendations were forwarded: Provide accommodative a clear policy, improve the supply of a lease land, limit the participation of households in lease bid competition, facilitate mortgage loan scheme and credit facilities especially for those who are in the low income groups, encourage those cooperative who wants to supply house, and strength the unity of stakeholders and government institutions at each level, to play a major role in positively influencing the home ownership.

Keywords: determinants of residential house ownership, house ownership, logit model

DOI: 10.7176/RHSS/13-17-04

Publication date:October 31^st 2023