Urban Land and Housing Markets in the Punjab, Pakistan

Well-functioning urban land and housing markets are critical success factors for achieving robust economic growth. This paper provides an overview of urban land and housing market performance in Punjab Province of Pakistan. It describes the characteristics of well-functioning markets and argues that...

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Main Authors:	Dowall, David E., Ellis, Peter D.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Economic Development: Regional, Urban, and Rural Analyses Transportation O180 Housing Supply and Markets R310 Nonagricultural and Nonresidential Real Estate Markets R330 Public Facility Location Analysis Public Investment and Capital Stock R530 Regional Development Policy R580
Online Access:	http://hdl.handle.net/10986/5675

id	okr-10986-5675
recordtype	oai_dc
spelling	okr-10986-56752021-04-23T14:02:23Z Urban Land and Housing Markets in the Punjab, Pakistan Dowall, David E. Ellis, Peter D. Economic Development: Regional, Urban, and Rural Analyses Transportation O180 Housing Supply and Markets R310 Nonagricultural and Nonresidential Real Estate Markets R330 Public Facility Location Analysis Public Investment and Capital Stock R530 Regional Development Policy R580 Well-functioning urban land and housing markets are critical success factors for achieving robust economic growth. This paper provides an overview of urban land and housing market performance in Punjab Province of Pakistan. It describes the characteristics of well-functioning markets and argues that the Punjab's present markets are not performing adequately. In fact, there exists a range of impediments to efficient urban land and housing market performance: excessive public land ownership, inadequate infrastructure services, weak property rights, pervasive public- and private-sector rent seeking, counter-productive urban planning policies and regulations, costly sub-division and construction regulations, limited financing for property development and acquisition, rent controls, and inadequate property-tax-based revenue-generating mechanisms. The paper concludes by suggesting that a prioritised comprehensive reform agenda is needed to improve urban land and housing market performance in Punjab Province. The analytical and conceptual approach used to research this paper is based on standard neo-classical economics. Therefore, the paper does not address broader political economy or structural issues. Consequently, the paper's contribution should be viewed as limited in scope. 2012-03-30T07:33:59Z 2012-03-30T07:33:59Z 2009 Journal Article Urban Studies 00420980 http://hdl.handle.net/10986/5675 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Pakistan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Economic Development: Regional, Urban, and Rural Analyses Transportation O180 Housing Supply and Markets R310 Nonagricultural and Nonresidential Real Estate Markets R330 Public Facility Location Analysis Public Investment and Capital Stock R530 Regional Development Policy R580
spellingShingle	Economic Development: Regional, Urban, and Rural Analyses Transportation O180 Housing Supply and Markets R310 Nonagricultural and Nonresidential Real Estate Markets R330 Public Facility Location Analysis Public Investment and Capital Stock R530 Regional Development Policy R580 Dowall, David E. Ellis, Peter D. Urban Land and Housing Markets in the Punjab, Pakistan
geographic_facet	Pakistan
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Well-functioning urban land and housing markets are critical success factors for achieving robust economic growth. This paper provides an overview of urban land and housing market performance in Punjab Province of Pakistan. It describes the characteristics of well-functioning markets and argues that the Punjab's present markets are not performing adequately. In fact, there exists a range of impediments to efficient urban land and housing market performance: excessive public land ownership, inadequate infrastructure services, weak property rights, pervasive public- and private-sector rent seeking, counter-productive urban planning policies and regulations, costly sub-division and construction regulations, limited financing for property development and acquisition, rent controls, and inadequate property-tax-based revenue-generating mechanisms. The paper concludes by suggesting that a prioritised comprehensive reform agenda is needed to improve urban land and housing market performance in Punjab Province. The analytical and conceptual approach used to research this paper is based on standard neo-classical economics. Therefore, the paper does not address broader political economy or structural issues. Consequently, the paper's contribution should be viewed as limited in scope.
format	Journal Article
author	Dowall, David E. Ellis, Peter D.
author_facet	Dowall, David E. Ellis, Peter D.
author_sort	Dowall, David E.
title	Urban Land and Housing Markets in the Punjab, Pakistan
title_short	Urban Land and Housing Markets in the Punjab, Pakistan
title_full	Urban Land and Housing Markets in the Punjab, Pakistan
title_fullStr	Urban Land and Housing Markets in the Punjab, Pakistan
title_full_unstemmed	Urban Land and Housing Markets in the Punjab, Pakistan
title_sort	urban land and housing markets in the punjab, pakistan
publishDate	2012
url	http://hdl.handle.net/10986/5675
_version_	1764395917670088704

Urban Land and Housing Markets in the Punjab, Pakistan

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