The Role of Land Speculators around the Urban Edge of Shashemene City, Ethiopia
Bedane Shata Gemeda 1 * , Berhanu Girma Abebe 2 * , Giuseppe T. Cirella 3 *
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1 PhD candidate at Ethiopian Institute of Architecture, Building Construction and City Development, Addis Ababa University, ETHIOPIA
2 Assistant Professor at Ethiopian Institute of Architecture, Building Construction and City Development, Addis Ababa University, ETHIOPIA
3 Professor at Faculty of Economics, University of Gdansk, POLAND
* Corresponding Author

Abstract

The high demand for land provides land speculators the opportunity to hold land in anticipation of a price increase over time. Although the objective of the 1993 Land Use Statement was to test extra land speculation, the announcement has only been successful in fueling it. This study examines the role of land speculators around the outer edge of Shashemene’s metropolitan area. Primary data for this study was collected through a questionnaire with 73 respondents who were sampled using snowball sampling techniques. The chief findings of this study reveal that land speculation is still practiced in the study area, and the respondents affirmed that land speculators engaged in land speculation mostly for economic benefits.

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Article Type: Research Article

https://doi.org/10.29333/ejosdr/6296

EUROPEAN J SUSTAINAB DEV, 2020 - Volume 4 Issue 1, Article No: em0108

Publication date: 23 Nov 2019

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Article Downloads: 158

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