Specialized Housing

Specialized Housing

Condominiums are a type of residential property that is very common in most countries. Condominiums are residential houses comprising many floors on which a number of single units sit. In most cases, a common wall is shared by several condominiums and residents are required to pay rent every month. This type of residential property is popularly found within urban, high-density settings and is mostly occupied by shop and restaurant owners.

In real estate, market analysis refers to an in-depth assessment of key trends that affect property. Such trends include demand as well as supply, average rates of rental property, and vacancy rate (Brumer, 2020). For a condominium, market analysis is necessary because it helps in determining the preference and average demand for condominiums within a given locality (Calixijan & Murcia, 2015). Specifically, market analysis will help the owner of a condominium to determine the facilities and/or utilities to include in his/her property in order to attract as many tenants as possible. Market analysis also helps property owners to make the best decisions as to where to locate their condominiums.

Specialized housing is becoming more popular today. Defined as any form of housing that targets and accommodates vulnerable persons (National Fire Chiefs Council, 2021), specialized housing has grown in popularity because it offers affordable rent. In addition, there is no discrimination against occupants. It accommodates vulnerable individuals who have special needs, those vulnerable to homelessness, and individuals grappling with substance addictions.

Based on the description above, an example of specialized housing would be a hostel. This property would essentially target college or university students that are unable to find accommodation within the campus. Compared to other residential properties within the area, hostels would be affordable to students in terms of rental rate.


Arson Prevention Bureau. (2016). Top 6 types of residential properties. www.arsonpreventionbureau.org.uk/top-six-types-of-residential-properties.htm

Brumer, L. (2020). How to do a real estate market analysis. www.millionacres.com/real-estate-investing/commercial-real-estate/how-do-real-estate-market-analysis/

Calixijan, L., & Murcia, J. V. (2015). Market Analysis of Condominium Property Buyers in Davao City, Philippines: A Conjoint Approach. Philippines: A Conjoint Approach (May 12, 2015).

National Fire Chiefs Council. (2021). Specialized housing. www.nationalfirechiefs.org.uk/specialised-housing-

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