Research Article
Determinants of Residential Real Estate Property Prices in Ethiopia: The Case of Bahir Dar City
Issue:
Volume 13, Issue 3, June 2024
Pages:
46-63
Received:
14 April 2024
Accepted:
6 May 2024
Published:
24 May 2024
Abstract: The Ethiopian real estate industry has grown in the previous two decades, especially in the capital city of the country and regional capitals, including Bahir Dar. Real estate prices have doubled and even tripled in a few years because of different factors. Thus, the purpose of this study is to analyse the factors affecting residential real estate prices in Ethiopia, particularly in Bahir Dar City. For this purpose, the study used both purposive and stratified random sampling techniques. Descriptive and inferential statistics were used to analyze the data, and the ordinary least squares method was used to identify the factors that influence residential real estate prices. The hedonic regression model result reveals that R2 statistics (0.880) indicate that 88% of the variation in residential real estate prices can be explained by variation in the independent variables. Hedonic regression model results revealed that plot size, floor area, number of rooms, age of the house, external wall finishing material, ceiling finishing material, the direction of the house, distance of the property from the main road, and involvement of brokers in the transaction process, were major micro-factors that had a significant effect on residential real estate prices at the 5% level of significance. Furthermore, the interview results show that the challenges faced by real estate developers mostly include loans and aid issues, high-interest rates, mortgage restrictions, the financial capacity of real estate companies, delays in plan approvals, and rising costs of construction materials are among the major challenges affecting investment in real estate. The study suggests that the municipality of Bahir Dar City should provide an adequate supply of land to real estate developers, improve infrastructure development, and federal and regional governments should provide the credit lending mechanism by lowering interest rate especially for low-income class.
Abstract: The Ethiopian real estate industry has grown in the previous two decades, especially in the capital city of the country and regional capitals, including Bahir Dar. Real estate prices have doubled and even tripled in a few years because of different factors. Thus, the purpose of this study is to analyse the factors affecting residential real estate ...
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Research Article
Effects of Performance Appraisal Quality on Employee Performance in Homa Construction PLC Company Addis Ababa City Administration, Ethiopia
Awol Hussien Aman*
Issue:
Volume 13, Issue 3, June 2024
Pages:
64-82
Received:
22 February 2024
Accepted:
9 May 2024
Published:
30 May 2024
Abstract: The objective of this study was to examine Effects of Performance Appraisal Quality on Employee Performance in Homa Construction PLC Company, Addis Ababa, Ethiopia. The study was used descriptive and which incorporated both qualitative and quantitative research approaches. The researcher was employed Stratified Random Sampling Technique techniques to distribute the questionnaire to the respondents. Data was collected by using both closed and open ended self-administered questionnaires and a total of two hundred (200) questionnaires were returned. The results were analyzed and interpreted using SPSS software version 20. The scores are interpreted quantitatively and open-ended suggestions are interpreted qualitatively. The research finding of Correlation analysis was indicated there is positive, strong and significant relationships were existed between (Performance Appraisal Quality and Feedback, Feedback and Employee Performance, and Performance Appraisal Quality and Employee Performance) at r =.896, p < 0.01, r =.851 p < 0.01, and r =.799 p < 0.01 respectively. Linear regression analysis also indicated that at 72.8% variance in Employee Performance can be predicted from the combination of all Performance Appraisal Quality and its Feedback Dimensions. The result also shows that at F=267.047, p<0.05 statistically significant. This indicates that combination of the predictors significantly combined together to predict Employee Performance. In meantime the result from the analysis of an independent-sample t-test was approved that most variables of performance appraisal quality were significantly differentiated in score variance for males and females while the finding result of ANOVA analysis explores there was no a statistically significant difference at the p>.05 level in mean scores between groups in Performance Appraisal Quality [F (1, 198) = 1.189, p=.277]. However, there was statistically significant difference at the p>.05 level in mean scores between groups for both Feedback and Employee Performance based on the Age of Respondents. Furthermore, as the result of finding obtained from descriptive statistical analysis Employee Performance was stated low in all attributes. This also proved for unsatisfactory practice of performance appraisals and its feedback that had seen in most Company projects. Finally, the researcher believes that this paper was not exhaustive that could provide all lists of topic researched. However, it gives a bird-eye view on topic and it is open for further discussion and/or critics.
Abstract: The objective of this study was to examine Effects of Performance Appraisal Quality on Employee Performance in Homa Construction PLC Company, Addis Ababa, Ethiopia. The study was used descriptive and which incorporated both qualitative and quantitative research approaches. The researcher was employed Stratified Random Sampling Technique techniques ...
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