Access to water as a determinant of rental values: A hedonic analysis in Rwanda

Johanna Choumert (1) , Jesper Stage (2) , Claudine Uwera (3)

1 CERDI - Centre d'Études et de Recherches sur le Développement International
2 Mid Sweden University
3 Université nationale du Rwanda

In this paper, we study the determinants of rental values in urban housing markets in Kigali, Rwanda. In particular, we study the value of access to piped water; due to the high costs associated with installing new piped connections, renting a property with an existing connection is often the only way for low income households to access piped water. Our results indicate that extending the piped network to a new house will in many cases raise the rental value of the house enough to pay for the cost of installing the new connection in less than two years.

Mots clés: Africa; rwanda; water access; hedonic price; real estate; non-market valuation

Domaines: Economies et finances

Johanna Choumert, Jesper Stage, Claudine Uwera. Access to water as a determinant of rental values: A hedonic analysis in Rwanda. 2015. ⟨halshs-00939271v2⟩