What Have African Housing Policies Wrought?
AbstractThis paper is a review of contemporary African housing markets, particularly the consequences of current housing policies. Overall, we conclude that the resource allocation which results from the current housing policies are quite contrary to their intended objectives. Many of the policies are suspect, both in terms of underlying economic rational and realistic economic achievement. In many respects, these policies have discouraged housing investment, and have been both inequitable and distortional. In rethinking these policies, our prescription is that since the private sector has efficiently provided the majority of the housing in the past, African governments must disengage themselves from direct production of housing. They must deregulate the housing markets and provide the right incentives, so as to realign the risks and rewards of investment in housing and permit private production to flourish. Copyright American Real Estate and Urban Economics Association.
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Bibliographic InfoArticle provided by American Real Estate and Urban Economics Association in its journal Real Estate Economics.
Volume (Year): 24 (1996)
Issue (Month): 2 ()
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- Paul Collier & Tony Venables, 2013.
"Housing and Urbanization in Africa: unleashing a formal market process,"
Economics Series Working Papers
WPS/2013-01, University of Oxford, Department of Economics.
- Paul Collier & Anthony J. Venables, 2013. "Housing and Urbanization in Africa: unleashing a formal market process," CSAE Working Paper Series 2013-01, Centre for the Study of African Economies, University of Oxford.
- Filali, Radhouane, 2008.
"Analyse des conditions de l'habitat en Tunisie: une approche par la statistique multivariée
[Housing condition analysis in Tunisia: A multivariate approach]," MPRA Paper 12196, University Library of Munich, Germany.
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