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Urban Land and Housing Markets in the Punjab, Pakistan

Author

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  • David E. Dowall

    (Institute of Urban and Regional Development, University of California at Berkeley, 316 Wurster Hall, University of California, Berkeley, California, 94720, USA, dowall@berkeley.edu)

  • Peter D. Ellis

    (Sustainable Development Department, The World Bank, Washington, DC, USA, pellis@worldbank.org)

Abstract

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.

Suggested Citation

  • David E. Dowall & Peter D. Ellis, 2009. "Urban Land and Housing Markets in the Punjab, Pakistan," Urban Studies, Urban Studies Journal Limited, vol. 46(11), pages 2277-2300, October.
    • Handle: RePEc:sae:urbstu:v:46:y:2009:i:11:p:2277-2300
    DOI: 10.1177/0042098009342599
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    Cited by:

    1. Antonia C. Settle, 2018. "The Informal Economy as a Site of Liquidity: Pakistan's Land Market," Development and Change, International Institute of Social Studies, vol. 49(5), pages 1291-1313, September.

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