Reforming Land and Real Estate Markets

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4./5 ( download)

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Book Synopsis Reforming Land and Real Estate Markets by : Ahmed Galal

Download or read book Reforming Land and Real Estate Markets written by Ahmed Galal and published by World Bank Publications. This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land and real estate reforms have not been effective at achieving their objectives, in part because of how they have been designed and implemented. To be successful, reforms must become comprehensive in design, argue the authors, although implementation may be phased over time and take local conditions into account. Reform must include three elements: 1) Institutional reforms that better define property rights, reduce information asymmetry, and improve contract enforcement. 2) Capital market reforms that make mortgage finance available at reasonable rates, especially for the poor. 3) Market reforms that reduce or eliminate the main distortions in the prices of goods and services produced by land and real estate assets. In their review of land and real estate reforms supported by the World Bank, the authors find that such reforms receive less attention at the conceptual stage than they should, considering their great impact on poverty, growth, and stability. They base their conclusion on the limited coverage of land and real estate issues in country assistance strategies, the main vehicle for identifying priority areas for reform. Most Bank-supported projects do not address all three elements critical for reform. And most provide no justification for excluding them, and no plan for follow-up. The Bank's Operations Evaluation Department rates Bank-supported land and real estate projects relatively well on outcome and sustainability but not on institutional development. But land and real estate reform is institutional by nature. The authors urge the Bank and policymakers to change course. After a comprehensive assessment of the status of real estate institutions and markets, all actors in this sector should be pulled together to develop a comprehensive approach to land and real estate reform.

China's Housing Reform and Outcomes

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Author :
Publisher : Lincoln Inst of Land Policy
ISBN 13 : 9781558442115
Total Pages : 260 pages
Book Rating : 4.4/5 (421 download)

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Book Synopsis China's Housing Reform and Outcomes by : Joyce Yanyun Man

Download or read book China's Housing Reform and Outcomes written by Joyce Yanyun Man and published by Lincoln Inst of Land Policy. This book was released on 2011 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This in-depth volume explains China's residential construction boom and reviews how some established trends are likely to challenge its housing market in coming years. It draws on household surveys and public data in China and provides important lessons about housing policy for China and other countries.

Reforming Land and Real Estate Markets

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (847 download)

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Book Synopsis Reforming Land and Real Estate Markets by : Ahmed Galal

Download or read book Reforming Land and Real Estate Markets written by Ahmed Galal and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Some World Bank-supported efforts at land and real estate reform have too narrow a technical focus, at the expense of institutional reform. Some emphasize one set of reforms (such as mortgage finance) while ignoring others essential to those reforms (such as clear property rights and land registration). Some emphasize one sector (such as urban land) while ignoring its interaction with another (rural land conversion). To be successful, reforms need to be comprehensive in design, even if implementation is phased over time. Land and real estate reforms have not been effective at achieving their objectives, in part because of how they have been designed and implemented. To be successful, reforms must become comprehensive in design, argue the authors, although implementation may be phased over time and take local conditions into account. Reform must include three elements: -Institutional reforms that better define property rights, reduce information asymmetry, and improve contract enforcement.-Capital market reforms that make mortgage finance available at reasonable rates, especially for the poor.-Market reforms that reduce or eliminate the main distortions in the prices of goods and services produced by land and real estate assets. In their review of land and real estate reforms supported by the World Bank, the authors find that such reforms receive less attention at the conceptual stage than they should, considering their great impact on poverty, growth, and stability. They base their conclusion on the limited coverage of land and real estate issues in country assistance strategies, the main vehicle for identifying priority areas for reform. Most Bank-supported projects do not address all three elements critical for reform. And most provide no justification for excluding them, and no plan for follow-up. The Bank's Operations Evaluation Department rates Bank-supported land and real estate projects relatively well on outcome and sustainability but not on institutional development. But land and real estate reform is institutional by nature. The authors urge the Bank and policymakers to change course. After a comprehensive assessment of the status of real estate institutions and markets, all actors in this sector should be pulled together to develop a comprehensive approach to land and real estate reform. This paper--a product of the Private Provision of Public Services Group, Private Sector Advisory Services--is part of a larger effort in the department to examine the role of real assets in private sector development. Omar Razzaz may be contacted at [email protected].

Rethinking the Economics of Land and Housing

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Author :
Publisher : Zed Books Ltd.
ISBN 13 : 1786991217
Total Pages : 306 pages
Book Rating : 4.7/5 (869 download)

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Book Synopsis Rethinking the Economics of Land and Housing by : Josh Ryan-Collins

Download or read book Rethinking the Economics of Land and Housing written by Josh Ryan-Collins and published by Zed Books Ltd.. This book was released on 2017-02-28 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.

Land Bargains and Chinese Capitalism

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Publisher : Cambridge University Press
ISBN 13 : 1107117305
Total Pages : 237 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Land Bargains and Chinese Capitalism by : Meg E. Rithmire

Download or read book Land Bargains and Chinese Capitalism written by Meg E. Rithmire and published by Cambridge University Press. This book was released on 2015-10-07 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the origins of Chinese land politics and explores how property rights and urban growth strategies differ among Chinese cities.

Housing Finance in Emerging Markets

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Publisher : Springer Science & Business Media
ISBN 13 : 3540778578
Total Pages : 250 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Housing Finance in Emerging Markets by : Doris Köhn

Download or read book Housing Finance in Emerging Markets written by Doris Köhn and published by Springer Science & Business Media. This book was released on 2011-01-21 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of urban areas and population in middle and low income countries is a continuing trend. Urbanization expands as rural to urban migration offers better income opportunities in cities. This trend is both a source of development opportunities and challenges for the housing sector. On the one hand, housing is a large and growing market, and on the other, massive slums confirm the poor housing conditions in many developing countries. These adverse conditions mirror inadequate housing policies, inefficient or absent property registration, as well as limits to access to housing finance. Provision of affordable housing is therefore an important topic in the fight against poverty. This book focuses on solutions that improve the enabling environment for the poor in accessing housing finance. It explores how to develop and integrate housing finance into a sustainable financial system for developing countries and offers ways in which low-income families can obtain better access to housing finance. This book provides a conceptual framework for housing finance development and addresses practical solutions in the provision of housing finance and compares different approaches.

Law and Policy for China's Market Socialism

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Publisher : Routledge
ISBN 13 : 0415692857
Total Pages : 290 pages
Book Rating : 4.4/5 (156 download)

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Book Synopsis Law and Policy for China's Market Socialism by : John Garrick

Download or read book Law and Policy for China's Market Socialism written by John Garrick and published by Routledge. This book was released on 2012 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines China's 'going out' policy by addressing the ways in which the underpinning legal reforms enable China to pursue its core interests and broad international responsibilities as a rising power. The contributors consider China's civil and commercial law reforms against the economic backdrop of an outflow of Chinese capital into strategic assets outside her own borders. This movement of capital has become an intriguing phenomenon for both ongoing economic reform and its largely unheralded underpinning law reforms.

How to Design and Implement Property Tax Reforms

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis How to Design and Implement Property Tax Reforms by : Martin Grote

Download or read book How to Design and Implement Property Tax Reforms written by Martin Grote and published by International Monetary Fund. This book was released on 2024-09-19 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property taxes are often under-exploited sources of local public revenues. A broad-based tax, raised at modest rates, can potentially generate significantly higher revenues in many countries, and meet most of the costs of improved local public services. This note provides a practical guide to designing and implementing reforms to recurrent taxes on immoveable property and real estate transfer taxes. It addresses the fundamental policy choices regarding the property tax base and tax rate, and the key functions of the tax administration for managing collections – valuation, billing, and enforcement. The advice in the note stems from a review of the literature and insights gained from the experiences of the Fiscal Affairs Department in delivering capacity development on property taxes. It covers and updates some of the analytical work by Norregaard (2013) while providing granular advice on practical aspects of reforming property taxes. The note is motivated by the resource mobilization needs of developing countries, but the design considerations are also pertinent for advanced and emerging market economies seeking to increase the revenue productivity of property taxes.

The Chinese Real Estate Market

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Author :
Publisher : Routledge
ISBN 13 : 1317934970
Total Pages : 407 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis The Chinese Real Estate Market by : Junjian Albert Cao

Download or read book The Chinese Real Estate Market written by Junjian Albert Cao and published by Routledge. This book was released on 2015-05-08 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to fully present, analyse and interpret the Chinese real estate market. Dr Junjian Albert Cao examines the Chinese real estate market’s growth trajectory, unique governance and factors affecting values and investment in the context of reforms, rapid economic growth and urbanization. The book provides essential insights into the institutional change surrounding the development of the property market, government intervention at local and national levels, taxes and other regulatory charges, and factors such as market practices, economic changes, government policies and social changes that affect the value of real estate. Furthermore, the book analyses academic and policy debates on issues such as: commercial property investment housing price inflation property rights protection affordable and social housing market practices and regulation environment and sustainability taxation property-led growth and the reliance of local economic growth on the property sector The book offers a comprehensive, in-depth and up-to-date account of the Chinese property market and presents a full assessment of the investment potential of Chinese real estate. It is a must read for students, academics and real estate professionals interested in this fascinating real estate market that has implications for Chinese and the world economies.

China's Socialist Rule of Law Reforms Under Xi Jinping

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Author :
Publisher : Routledge
ISBN 13 : 1317354168
Total Pages : 418 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis China's Socialist Rule of Law Reforms Under Xi Jinping by : John Garrick

Download or read book China's Socialist Rule of Law Reforms Under Xi Jinping written by John Garrick and published by Routledge. This book was released on 2016-01-29 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the direction of the Communist Party of China (CPC), key legal challenges have been identified which will shape the modernization of China’s legal and administrative institutions. An increasingly complex set of legal actors now seek to influence this development, including securities regulators, bankers, accountants, lawyers, local-level mediators and some of China’s newly rich. Whilst the rising middle class wants to voice its interests and concerns, the CPC strives to maintain its leading role. This book provides a critical appraisal of China’s deepening socialist rule of law and looks ahead to the implications of the domestic reforms for the international legal domain. With contributions from leading Chinese law specialists, it draws on specific illustrations from judicial reform, constitutional law, procedural law, anti-corruption, property law and urban development, socio-economic dispute resolution and Chinese macro-economics. The book questions how China’s domestic law reforms will impact international legal systems, and how international law can be used in managing key regional and bilateral relationships and in dispute resolution, such as in the South China Sea and international trade. Assessing the state and direction of domestic law reform and including debates around the legal implications of some of China’s most pressing foreign policy challenges today, this volume will be of huge interest to students, scholars and practitioners with an interest in Asia law, Chinese law, international law, comparative law and law reform.

Land Law Reform

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Publisher : World Bank Publications
ISBN 13 : 0821364693
Total Pages : 280 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Land Law Reform by :

Download or read book Land Law Reform written by and published by World Bank Publications. This book was released on 2006-01-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Land Law Reform examines the wide-spread efforts to reform land law in developing countries and countries in transition, drawing in particular upon the experience of the World Bank and the Rural Development Institute. The book considers the role of land law reform in the development process and analyzes how the World Bank has sought to support these legal changes in client countries. It reviews the experience with reform of laws affecting land access and rights in achieving gender equity, identifies opportunities for reinforcing environmentally sustainable development through land law reform, and examines from both growth and poverty alleviation perspectives the effectiveness of reforms to formalize property rights and liberalize land markets. The concluding chapter recommends some basic priorities for land law reforms. John W. Bruce is a senior counsel in the Legal Vice-Presidency of the World Bank, and a former director of the Land Tenure Center of the University of Wisconsin-Madison. He has published extensively on land law and land policy in developing countries. Renee Giovarelli, David Bledsoe, Leonard Rolfes, and Robert Mitchell are staff attorneys with the Rural Development Institute of Seattle, Washington, a nonprofit organization that promotes and advises on land-related policy and legal reform in developing and transition countries. All have done fieldwork and advised extensively on land law reform and have published widely on this topic."

The Impact of China's Economic Reforms Upon Land, Property and Construction

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Author :
Publisher : Routledge
ISBN 13 : 0429798628
Total Pages : 165 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis The Impact of China's Economic Reforms Upon Land, Property and Construction by : Jean Jinghan Chen

Download or read book The Impact of China's Economic Reforms Upon Land, Property and Construction written by Jean Jinghan Chen and published by Routledge. This book was released on 2019-04-12 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume aims to explore the impact of China’s recent economic reforms and dynamic economic progress on land use, the property market and construction activity under the leadership of Deng Xiaoping until his death in 1997. Following the famine and bloody mayhem of Mao Zedong’s Great Leap Forward and Cultural Revolution, Deng Xiaoping took on the task of piecing the country back together to once more become a leading world economy. Here, Jean Jinghan Chen and David Wills concentrate on his reforms and progress, examining at what point power can be said to have passed from Deng Xiaoping to Jiang Zemin, to what extent Deng’s political philosophy remained in place under the new government and what this means for China’s economic reforms on land, property and construction. The authors provide a view on how management of the physical environment needs to be considered in the context of economic progress to achieve sustainable development.

Routledge Companion to Real Estate Development

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Publisher : Routledge
ISBN 13 : 1317428447
Total Pages : 536 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Routledge Companion to Real Estate Development by : Graham Squires

Download or read book Routledge Companion to Real Estate Development written by Graham Squires and published by Routledge. This book was released on 2017-09-07 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real estate development shapes the way people live and work, playing a crucial role in determining our built environment. Around the world, real estate development reflects both universal human needs and region-specific requirements, and with the rise of globalization there is an increasing need to better understand the full complexity of global real estate development. This Companion provides comprehensive coverage of the major contemporary themes and issues in the field of real estate development research. Topics covered include: social and spatial impact markets and economics organization and management finance and investment environment and sustainability design land use policy and governance. A team of international experts across the fields of real estate, planning, geography, economics and architecture reflect the increasingly interdisciplinary nature of real estate studies, providing the book with a depth and breadth of original research. Following on from the success of the textbook International Approaches to Real Estate Development, the Routledge Companion to Real Estate Development provides the up-to-date research needed for a full and sophisticated understanding of the subject. It will be an invaluable resource to students, researchers and professionals wishing to study real estate development on an international scale.

Assessing China’s Residential Real Estate Market

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484329317
Total Pages : 26 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Assessing China’s Residential Real Estate Market by : Ding Ding

Download or read book Assessing China’s Residential Real Estate Market written by Ding Ding and published by International Monetary Fund. This book was released on 2017-11-16 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks of a sharp housing market slowdown. If house prices rise further beyond “fundamental” levels and the bubble expands to smaller cities, it would increase the likelihood and costs of a sharp correction, which would weaken growth, undermine financial stability, reduce local government spending room, and spur capital outflows. Empirical analysis suggests that the increasing intensity of macroprudential policies tailored to local conditions is appropriate. The government should expand its toolkit to include additional macroprudential measures and push forward reforms to address the fundamental imbalances in the residential housing market.

Housing Finance Policy in Emerging Markets

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Publisher : World Bank Publications
ISBN 13 : 0821377515
Total Pages : 540 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Housing Finance Policy in Emerging Markets by : Loic Chiquier

Download or read book Housing Finance Policy in Emerging Markets written by Loic Chiquier and published by World Bank Publications. This book was released on 2009 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing finance markets have been changing dramatically in both emerging and developed economies. On the one hand, housing finance markets are expanding and represent a powerful engine for economic growth in many emerging economies. However, the unfolding sub-prime mortgage crisis highlights the risks and potential turbulence that this sector can introduce into the financial system when expanding without proper infrastructure and regulation. As housing finance keeps growing in emerging economies to match a rising demand for housing, new risk management approaches, business models, funding tools, and policy instruments can help. Yet many questions remain about the right balance between innovation and regulation, the extent of risks to the financial system, the appropriate role of the state to promote affordable housing, and the effects of the sub-prime crisis. This book provides a guide for policymakers dealing with housing finance in emerging markets. It highlights the prerequisites for an effective housing finance system; it lays out several policy alternatives and models of housing finance; and it explores the role of governments in expanding access to housing finance for lower-income households. There is no "best" model set out in this book. The aim is to provide a developmental roadmap that can be tailored and sequenced to each country's situation and timing.

Greening Growth in Pakistan through Transport Sector Reforms

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Publisher : World Bank Publications
ISBN 13 : 0821399306
Total Pages : 231 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Greening Growth in Pakistan through Transport Sector Reforms by : Ernesto Sánchez-Triana

Download or read book Greening Growth in Pakistan through Transport Sector Reforms written by Ernesto Sánchez-Triana and published by World Bank Publications. This book was released on 2013-07-18 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book identifies reforms that can help manage environmental priority problems associated with transport’s impacts on air quality, noise pollution, road safety, hazardous-materials transport, climate change, and urban sprawl. The policy options are contextualized in light of the Government of Pakistan’s 2011 Framework for Economic Growth and its strategic objectives. Appendixes A–D present additional background information, describe the economic and institutional analyses undergirding this report, and detail the report’s methodology. This analytical work by a team of World Bank specialists focuses on: • analyzing the policy and institutional adjustments required to address environmental, social, and poverty aspects of increased transportation efficiency in Pakistan; • identifying policy options for the Government of Pakistan to better serve the population, to enhance social cohesion, and to foster equitable benefit sharing with low-income or other vulnerable groups; • developing a broad participatory process to give a voice to stakeholders who could be affected by enhancements of freight transport productivity; and • making robust recommendations to strengthen governance and the institutional capacity of agencies to manage the environmental, social, and poverty consequences of freight transportation infrastructure.

The Mystery of Capital

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Author :
Publisher : Basic Books
ISBN 13 : 0465004016
Total Pages : 290 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Mystery of Capital by : Hernando De Soto

Download or read book The Mystery of Capital written by Hernando De Soto and published by Basic Books. This book was released on 2007-03-20 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist) "The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.