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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Property Rights and Democratic Development post-COVID
July 9, 2021 | This is a blog written by the Director for Global Programs at the Center for International Private Enterprise (CIPE), Anna Kompanek. She discusses why property rights matter to democratic development and specific efforts in Nigeria.
Pricing Risk for Opportunistic Investment in Emerging Markets
January 15, 2021 | The Scorecard research shows that basic property rights are strong in Montenegro, North Macedonia & Romania. Albania & the Kyrgyz Republic are still coping with the transition from state-controlled economies, so property rights remain weak.
Building Institutions that Make Property Markets Work
November 13, 2020 | Property rights are among the most fundamental principles enshrined in Article 17 of the United Nations’ Universal Declaration of Human Rights. Yet access to and protection of property rights vary greatly.