Disequilibrium in the housing market can be detected by comparing the actual price-rent ratio with its equilibrium … presence of omitted variables. Applying this method to a data set consisting of 730,000 individual price and rent transactions … we find that quality adjusting significantly reduces the actual price-rent ratio. We then insert these quality adjusted …

the country. Generally, the study aims to examine the affordability of residential house rent market value. Specifically …, the study aims to assess the characteristics of rental housing, examined rent affordability; identify factors that … residential house rent market value. About 68.04% of surveyed households were paid 30% or less of their monthly income to …