Examining the Effect of Location on the Effect of the Value of Residential Properties in Wa

Abstract

Abstract The real estate market in Ghana has experienced notable changes and fluctuations over time due to factors such as economic conditions, urbanization and policy interventions. This study is to analyze and determine the relative roles of locational characteristics in the determination of housing values/prices of residential properties. In order to achieve this, attempts were made to evaluate the role of locational factors in the determination of house prices; study how house prices / values in WA Municipality of the Upper West Region of Ghana. Data collection techniques such as review of relevant literature, group discussions and questionnaire administration were used and data Was analyzed by the use of the Statistical Package for Social Sciences (SPSS) and qualitatively as well. The significance of each variable involving socio-economic characteristics, landlord experience, building characteristics and locational characteristics Was evaluated through a multiple regression model. The findings are categorized into levels on the basis of the coefficient values. The results indicate that locational characteristics are the most significant variable that determines the value of houses in our study area. By comprehending the driving force behind property value, stakeholders can navigate the market more effectively and contribute to sustainable urban development in Upper West Region of Ghana.