Towards Developing Institutional Reforms to Stimulate Rental Housing Supply: The case of Ghana
- Publication Type:
- Thesis
- Issue Date:
- 2023
Open Access
Copyright Clearance Process
- Recently Added
- In Progress
- Open Access
This item is open access.
Institutional investors have shown interest in rental housing investment. Housing policy experts consider this evolving interest as essential and timely for advancing the private rental sector. This research used qualitative methods through the lens of the constructivist grounded theory to understand and develop a model that resolves the barriers to institutional investment in rental housing in Ghana. It determined the changing roles of the government and private sector in rental housing provision and explored the determinants of institutional investment in rental housing. The findings revealed that the government of Ghana facilitates the private rental market mainly through land release and tax incentives. It was further revealed that institutional investors were sceptical about the viability of rental housing investment. To change this narrative, efforts must be made to minimise the market risks, increase effective demand, implement more tax reforms, revisit pension fund investment, revise the regulator's role, and establish Ghana’s first real estate investment trust sector. The study concludes that land release and tax incentives help to improve returns and make rental property more attractive to institutional investors. Furthermore, illiquidity could be minimized by establishing subsidiary companies and joint ventures between institutional investors and developers.
Please use this identifier to cite or link to this item: