Assessing Key Components for Sustainable Property Market Development
Billions of people around the world today still lack secure property rights and access to other key building blocks of a fully functional property system, according to the Commission on Legal Empowerment of the Poor. This, in turn, hinders their economic, political, and social prospects of participation and development. Institutions that make property markets work need to be strengthened in order to improve livelihoods around the world.
The International Property Markets Scorecard is a systems analysis tool jointly developed by the Center for International Private Enterprise (CIPE) and IHC Global to provide an actionable snapshot of the institutional components of a property market. The Scorecard can be used by in-country reformers, international policy advisors, the donor community, and global property market analysts to understand market conditions, evaluate risks, and identify key areas for reform.
The Scorecard Methodology investigates the six core elements necessary for sustainable property market development: property rights, access to credit, effective governance, rational dispute resolution, financial transparency, and appropriate regulation. The color saturation of each element indicates its relative strength or weakness, building a comprehensive picture of where reform efforts should focus to fully realize human potential, contribute to inclusive economic growth, and provide the opportunity for all to prosper.
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Unstable Ground: Analyzing Kenya’s Property Markets
October 19, 2020 | Although property rights have long been an issue in Kenya, violations during a global pandemic have highlighted the consequences of not having adequate and enforceable land tenure systems in place.
What does the international property market scorecard mean in 2020?
August 15, 2020 | In times of crisis, the stress on institutions reveals long standing weaknesses. Financial contagion spreads quickly in countries that lacked transparency and appropriately regulated property markets.
Effective Governance Supports Property Markets
July 13, 2020 | Good governance ensures that the opinions of all rather than just those of the elite and powerful are represented in the governing of a country, a company or an organization and in including everyone in property markets.