The nexus between land title registration and property prices in Ghana: evidence from Accra’s housing market

IF 1.1 Q4 MANAGEMENT
A. Owusu-Ansah, L. A. Asante, Zaid Abubakari
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Abstract

PurposeThere is a long-standing debate about the relationship between land title registration and tenure security. Studies in the developing world point to a tenuous link between land registration and stable land tenure. The reason why people continue to register therefore becomes a mystery if tenure security is not entirely assured. This article focuses on the increase in property value as one such factor that induces title registration. Previous studies have quantified the economic impact of title registration on property values. However, the impact varies from city or country to another. The authors seek to investigate the extent of property value increment in Accra attributable to land title registration.Design/methodology/approachThe authors statistically analyzed a data set from two institutions (First National Bank and the Lands Commission) in Ghana using a quantitative technique.FindingsThe authors discovered that, holding all other factors constant, the value of the land in Accra increases by 22.6% due to land title registration. This shows that lessees must register to enhance property values, even though the essential due diligence must be done to make sure the acquisition is free from liens and legal disputes.Practical implicationsThis article highlights the implication of the findings for land administration as well as the practice of property valuation, development and brokerage in Ghana and Global South more broadly.Originality/valueThis is one of the first studies in Ghana to investigate the specific premium that housing markets put on land title registration.
加纳土地所有权登记与房地产价格之间的关系:阿克拉住房市场的证据
目的关于土地业权登记与权属保障之间的关系一直存在争议。在发展中国家进行的研究指出,土地登记和稳定的土地保有权之间存在微弱的联系。因此,如果使用权的保障不能完全得到保证,人们继续登记的原因就成了一个谜。本文着重探讨了产权价值的增加作为诱发产权登记的因素之一。以前的研究量化了业权登记对财产价值的经济影响。然而,影响因城市或国家而异。作者试图调查阿克拉因土地所有权登记而增加的财产价值的程度。设计/方法/方法作者使用定量技术统计分析了来自加纳两个机构(第一国家银行和土地委员会)的数据集。作者发现,在保持所有其他因素不变的情况下,由于土地所有权登记,阿克拉的土地价值增加了22.6%。这表明承租人必须注册以提高财产价值,即使必须进行必要的尽职调查以确保收购没有留置权和法律纠纷。本文强调了研究结果对土地管理以及加纳和全球南方更广泛的房地产估值、开发和经纪实践的影响。原创性/价值这是加纳第一批调查住房市场对土地所有权登记的具体溢价的研究之一。
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来源期刊
Property Management
Property Management MANAGEMENT-
CiteScore
2.70
自引率
20.00%
发文量
36
期刊介绍: Property Management publishes: ■Refereed papers on important current trends and reserach issues ■Digests of market reports and data ■In-depth analysis of a specific area ■Legal updates on judgments in landlord and tenant law ■Regular book and internet reviews providing an overview of the growing body of property market research
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