Urban Land and Housing Markets in the Punjab, Pakistan
This note provides a short overview of urban land and housing market performance in Punjab Province of Pakistan. It describes the characteristics of well-functioning urban land and housing markets and argues that, at present, the Punjab's urban land and housing markets are not performing well....
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| Format: | Other Urban Study |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/06/16366487/urban-land-housing-markets-punjab-pakistan http://hdl.handle.net/10986/8280 |
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okr-10986-8280 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO LAND ADB AGENTS AGRICULTURAL LAND ALM APARTMENTS AUCTIONS BANK EXPOSURE BANKS BUILDING CODES BUILDING MAINTENANCE CAPITALIZATION CLEAR TITLE COLLATERAL COMMERCIAL PROPERTIES COMMERCIAL PROPERTY CONSTRUCTION CONSTRUCTION COSTS CONSTRUCTION CYCLES CONSTRUCTION INDUSTRY CONSTRUCTION PROJECTS CONSTRUCTION REGULATIONS CONSTRUCTION SECTOR COUNCILORS CREDIT RATINGS CURRENT PRICES DEVELOPED LAND DEVELOPMENT AUTHORITIES DEVOLUTION DWELLING ECONOMIC CONDITIONS EMPLOYMENT FAMILY HOUSING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FORECLOSURE HABITAT HOMEOWNERS HOUSES HOUSING HOUSING ALLOWANCES HOUSING CAPITAL HOUSING CONSTRUCTION HOUSING DEMAND HOUSING DEVELOPMENT HOUSING ESTATE HOUSING FINANCE HOUSING MARKET HOUSING POLICIES HOUSING PRICES HOUSING PROGRAMS HOUSING PROJECT HOUSING PROJECTS HOUSING PROVISION HOUSING SHORTAGE HOUSING STOCK HOUSING SUPPLY HOUSING UNITS INCOME INCOME DISTRIBUTION INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES INVENTORY LABOR MARKETS LAND ACQUISITION LAND DEVELOPMENT LAND ECONOMICS LAND MANAGEMENT LAND MARKET LAND OWNERSHIP LAND PRICES LAND SUPPLY LAND SUPPLY CONSTRAINTS LAND TITLING LAND USE LAND VALUE LANDLORD LANDLORDS LARGE CITIES LAWS LEASEHOLD LEGAL FRAMEWORK LEGAL PROTECTION LEGISLATION LIQUIDATION LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENTS LOW COST HOUSING LOW-INCOME HOUSEHOLDS MARKET VALUE MIGRATION MORTGAGE LENDING MORTGAGE MARKETS MUNICIPAL MUNICIPAL ADMINISTRATION MUNICIPAL CORPORATIONS NATIONAL HOUSING POLICY PARKS POLITICAL COMMITMENT POLITICAL ECONOMY POVERTY REDUCTION PRIVATE CONSTRUCTION PRIVATE DEVELOPERS PRIVATE HOUSING PRIVATE LAND PRIVATE LENDERS PRIVATIZATION PROFITABILITY PROPERTY DEVELOPMENT PROPERTY OWNERS PROPERTY REGISTRATION PROPERTY RIGHTS PROPERTY TAX REVENUE PROPERTY TAXES PROPERTY TITLES PROPERTY TRANSFERS PROPERTY VALUE PROPERTY VALUES PROVINCIAL GOVERNMENT PROVINCIAL OFFICIALS PUBLIC PUBLIC AGENCIES PUBLIC HOUSING PUBLIC LAND PUBLIC OWNERSHIP PUBLIC PROVISION PUBLIC SECTOR PUBLIC SPENDING REAL ESTATE REAL ESTATE BROKERAGE REAL ESTATE DEPARTMENT REAL ESTATE DEVELOPMENT REAL ESTATE FINANCE REAL ESTATE INDUSTRY REAL ESTATE INVESTMENT REAL ESTATE MARKETS REAL ESTATE TRANSACTIONS RECURRENT EXPENDITURES REDEVELOPMENT REGULATORY FRAMEWORK RENOVATION RENT CONTROL RENT CONTROLS RENTAL HOUSING RENTAL PROPERTY RENTAL VALUE OF PROPERTY RENTS RESERVE BANK OF AUSTRALIA RESIDENTIAL AREAS RESIDENTIAL PROPERTY RESIDENTIAL REAL ESTATE RESORTS RESOURCE MOBILIZATION REVENUE SOURCES ROADS RURAL AREAS SAVINGS SECONDARY MORTGAGE MARKET SETTLEMENTS SEWERAGE SERVICES SHELTER SITE PLANNING SLUMS SOLID WASTE COLLECTION SOLID WASTE MANAGEMENT STATE BANK OF PAKISTAN TAXATION TENANTS TRAFFIC CONGESTION TRANSPORT URBAN AREAS URBAN DEVELOPMENT URBAN GROWTH URBAN HOUSING URBAN HOUSING MARKETS URBAN INFRASTRUCTURE URBAN LAND URBAN LAND DEVELOPMENT URBAN LAND MARKETS URBAN LAND POLICIES URBAN MANAGEMENT URBAN PLANNING URBAN POLICIES URBAN POOR URBAN POPULATION URBAN SERVICES URBANIZATION UTILITIES WATER SUPPLY ZONING |
| spellingShingle |
ACCESS TO LAND ADB AGENTS AGRICULTURAL LAND ALM APARTMENTS AUCTIONS BANK EXPOSURE BANKS BUILDING CODES BUILDING MAINTENANCE CAPITALIZATION CLEAR TITLE COLLATERAL COMMERCIAL PROPERTIES COMMERCIAL PROPERTY CONSTRUCTION CONSTRUCTION COSTS CONSTRUCTION CYCLES CONSTRUCTION INDUSTRY CONSTRUCTION PROJECTS CONSTRUCTION REGULATIONS CONSTRUCTION SECTOR COUNCILORS CREDIT RATINGS CURRENT PRICES DEVELOPED LAND DEVELOPMENT AUTHORITIES DEVOLUTION DWELLING ECONOMIC CONDITIONS EMPLOYMENT FAMILY HOUSING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FORECLOSURE HABITAT HOMEOWNERS HOUSES HOUSING HOUSING ALLOWANCES HOUSING CAPITAL HOUSING CONSTRUCTION HOUSING DEMAND HOUSING DEVELOPMENT HOUSING ESTATE HOUSING FINANCE HOUSING MARKET HOUSING POLICIES HOUSING PRICES HOUSING PROGRAMS HOUSING PROJECT HOUSING PROJECTS HOUSING PROVISION HOUSING SHORTAGE HOUSING STOCK HOUSING SUPPLY HOUSING UNITS INCOME INCOME DISTRIBUTION INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES INVENTORY LABOR MARKETS LAND ACQUISITION LAND DEVELOPMENT LAND ECONOMICS LAND MANAGEMENT LAND MARKET LAND OWNERSHIP LAND PRICES LAND SUPPLY LAND SUPPLY CONSTRAINTS LAND TITLING LAND USE LAND VALUE LANDLORD LANDLORDS LARGE CITIES LAWS LEASEHOLD LEGAL FRAMEWORK LEGAL PROTECTION LEGISLATION LIQUIDATION LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENTS LOW COST HOUSING LOW-INCOME HOUSEHOLDS MARKET VALUE MIGRATION MORTGAGE LENDING MORTGAGE MARKETS MUNICIPAL MUNICIPAL ADMINISTRATION MUNICIPAL CORPORATIONS NATIONAL HOUSING POLICY PARKS POLITICAL COMMITMENT POLITICAL ECONOMY POVERTY REDUCTION PRIVATE CONSTRUCTION PRIVATE DEVELOPERS PRIVATE HOUSING PRIVATE LAND PRIVATE LENDERS PRIVATIZATION PROFITABILITY PROPERTY DEVELOPMENT PROPERTY OWNERS PROPERTY REGISTRATION PROPERTY RIGHTS PROPERTY TAX REVENUE PROPERTY TAXES PROPERTY TITLES PROPERTY TRANSFERS PROPERTY VALUE PROPERTY VALUES PROVINCIAL GOVERNMENT PROVINCIAL OFFICIALS PUBLIC PUBLIC AGENCIES PUBLIC HOUSING PUBLIC LAND PUBLIC OWNERSHIP PUBLIC PROVISION PUBLIC SECTOR PUBLIC SPENDING REAL ESTATE REAL ESTATE BROKERAGE REAL ESTATE DEPARTMENT REAL ESTATE DEVELOPMENT REAL ESTATE FINANCE REAL ESTATE INDUSTRY REAL ESTATE INVESTMENT REAL ESTATE MARKETS REAL ESTATE TRANSACTIONS RECURRENT EXPENDITURES REDEVELOPMENT REGULATORY FRAMEWORK RENOVATION RENT CONTROL RENT CONTROLS RENTAL HOUSING RENTAL PROPERTY RENTAL VALUE OF PROPERTY RENTS RESERVE BANK OF AUSTRALIA RESIDENTIAL AREAS RESIDENTIAL PROPERTY RESIDENTIAL REAL ESTATE RESORTS RESOURCE MOBILIZATION REVENUE SOURCES ROADS RURAL AREAS SAVINGS SECONDARY MORTGAGE MARKET SETTLEMENTS SEWERAGE SERVICES SHELTER SITE PLANNING SLUMS SOLID WASTE COLLECTION SOLID WASTE MANAGEMENT STATE BANK OF PAKISTAN TAXATION TENANTS TRAFFIC CONGESTION TRANSPORT URBAN AREAS URBAN DEVELOPMENT URBAN GROWTH URBAN HOUSING URBAN HOUSING MARKETS URBAN INFRASTRUCTURE URBAN LAND URBAN LAND DEVELOPMENT URBAN LAND MARKETS URBAN LAND POLICIES URBAN MANAGEMENT URBAN PLANNING URBAN POLICIES URBAN POOR URBAN POPULATION URBAN SERVICES URBANIZATION UTILITIES WATER SUPPLY ZONING World Bank Urban Land and Housing Markets in the Punjab, Pakistan |
| geographic_facet |
South Asia Pakistan |
| description |
This note provides a short overview of urban land and housing market performance in Punjab Province of Pakistan. It describes the characteristics of well-functioning urban land and housing markets and argues that, at present, the Punjab's urban land and housing markets are not performing well. The paper identifies a range of structural and institutional shortcomings that impede urban land market performance, and then concludes by offering recommendations for making land and housing markets functions better. The Punjab Province in Pakistan is in the midst of a profound urban transition, driven by structural economic change. The Punjab is transforming from an agriculturally-based economy to a manufacturing and service based economy, which is leading to massive urbanization. This background paper reviews and assesses how well the Punjab's urban land and housing markets are functioning. The evidence suggests that urban land and housing markets are not performing as well as they could. Urban land-use planning and development controls are impeding urban development, while land titling and registration systems hamper real estate development. Systems of local resource mobilization and taxation do not generate sufficient revenues to fund key urban infrastructure. The paper notes the several critical negative consequences of poor urban land market performance, namely high land and housing prices, large and expanding katchi abadi developments, poorly located industrial estates, inadequate urban infrastructure, and constrained commercial development. |
| format |
Economic & Sector Work :: Other Urban Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Urban Land and Housing Markets in the Punjab, Pakistan |
| title_short |
Urban Land and Housing Markets in the Punjab, Pakistan |
| title_full |
Urban Land and Housing Markets in the Punjab, Pakistan |
| title_fullStr |
Urban Land and Housing Markets in the Punjab, Pakistan |
| title_full_unstemmed |
Urban Land and Housing Markets in the Punjab, Pakistan |
| title_sort |
urban land and housing markets in the punjab, pakistan |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/06/16366487/urban-land-housing-markets-punjab-pakistan http://hdl.handle.net/10986/8280 |
| _version_ |
1764404801860272128 |
| spelling |
okr-10986-82802021-04-23T14:02:38Z Urban Land and Housing Markets in the Punjab, Pakistan World Bank ACCESS TO LAND ADB AGENTS AGRICULTURAL LAND ALM APARTMENTS AUCTIONS BANK EXPOSURE BANKS BUILDING CODES BUILDING MAINTENANCE CAPITALIZATION CLEAR TITLE COLLATERAL COMMERCIAL PROPERTIES COMMERCIAL PROPERTY CONSTRUCTION CONSTRUCTION COSTS CONSTRUCTION CYCLES CONSTRUCTION INDUSTRY CONSTRUCTION PROJECTS CONSTRUCTION REGULATIONS CONSTRUCTION SECTOR COUNCILORS CREDIT RATINGS CURRENT PRICES DEVELOPED LAND DEVELOPMENT AUTHORITIES DEVOLUTION DWELLING ECONOMIC CONDITIONS EMPLOYMENT FAMILY HOUSING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FORECLOSURE HABITAT HOMEOWNERS HOUSES HOUSING HOUSING ALLOWANCES HOUSING CAPITAL HOUSING CONSTRUCTION HOUSING DEMAND HOUSING DEVELOPMENT HOUSING ESTATE HOUSING FINANCE HOUSING MARKET HOUSING POLICIES HOUSING PRICES HOUSING PROGRAMS HOUSING PROJECT HOUSING PROJECTS HOUSING PROVISION HOUSING SHORTAGE HOUSING STOCK HOUSING SUPPLY HOUSING UNITS INCOME INCOME DISTRIBUTION INFLATION INSTITUTIONAL FRAMEWORK INTEREST RATES INVENTORY LABOR MARKETS LAND ACQUISITION LAND DEVELOPMENT LAND ECONOMICS LAND MANAGEMENT LAND MARKET LAND OWNERSHIP LAND PRICES LAND SUPPLY LAND SUPPLY CONSTRAINTS LAND TITLING LAND USE LAND VALUE LANDLORD LANDLORDS LARGE CITIES LAWS LEASEHOLD LEGAL FRAMEWORK LEGAL PROTECTION LEGISLATION LIQUIDATION LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENTS LOW COST HOUSING LOW-INCOME HOUSEHOLDS MARKET VALUE MIGRATION MORTGAGE LENDING MORTGAGE MARKETS MUNICIPAL MUNICIPAL ADMINISTRATION MUNICIPAL CORPORATIONS NATIONAL HOUSING POLICY PARKS POLITICAL COMMITMENT POLITICAL ECONOMY POVERTY REDUCTION PRIVATE CONSTRUCTION PRIVATE DEVELOPERS PRIVATE HOUSING PRIVATE LAND PRIVATE LENDERS PRIVATIZATION PROFITABILITY PROPERTY DEVELOPMENT PROPERTY OWNERS PROPERTY REGISTRATION PROPERTY RIGHTS PROPERTY TAX REVENUE PROPERTY TAXES PROPERTY TITLES PROPERTY TRANSFERS PROPERTY VALUE PROPERTY VALUES PROVINCIAL GOVERNMENT PROVINCIAL OFFICIALS PUBLIC PUBLIC AGENCIES PUBLIC HOUSING PUBLIC LAND PUBLIC OWNERSHIP PUBLIC PROVISION PUBLIC SECTOR PUBLIC SPENDING REAL ESTATE REAL ESTATE BROKERAGE REAL ESTATE DEPARTMENT REAL ESTATE DEVELOPMENT REAL ESTATE FINANCE REAL ESTATE INDUSTRY REAL ESTATE INVESTMENT REAL ESTATE MARKETS REAL ESTATE TRANSACTIONS RECURRENT EXPENDITURES REDEVELOPMENT REGULATORY FRAMEWORK RENOVATION RENT CONTROL RENT CONTROLS RENTAL HOUSING RENTAL PROPERTY RENTAL VALUE OF PROPERTY RENTS RESERVE BANK OF AUSTRALIA RESIDENTIAL AREAS RESIDENTIAL PROPERTY RESIDENTIAL REAL ESTATE RESORTS RESOURCE MOBILIZATION REVENUE SOURCES ROADS RURAL AREAS SAVINGS SECONDARY MORTGAGE MARKET SETTLEMENTS SEWERAGE SERVICES SHELTER SITE PLANNING SLUMS SOLID WASTE COLLECTION SOLID WASTE MANAGEMENT STATE BANK OF PAKISTAN TAXATION TENANTS TRAFFIC CONGESTION TRANSPORT URBAN AREAS URBAN DEVELOPMENT URBAN GROWTH URBAN HOUSING URBAN HOUSING MARKETS URBAN INFRASTRUCTURE URBAN LAND URBAN LAND DEVELOPMENT URBAN LAND MARKETS URBAN LAND POLICIES URBAN MANAGEMENT URBAN PLANNING URBAN POLICIES URBAN POOR URBAN POPULATION URBAN SERVICES URBANIZATION UTILITIES WATER SUPPLY ZONING This note provides a short overview of urban land and housing market performance in Punjab Province of Pakistan. It describes the characteristics of well-functioning urban land and housing markets and argues that, at present, the Punjab's urban land and housing markets are not performing well. The paper identifies a range of structural and institutional shortcomings that impede urban land market performance, and then concludes by offering recommendations for making land and housing markets functions better. The Punjab Province in Pakistan is in the midst of a profound urban transition, driven by structural economic change. The Punjab is transforming from an agriculturally-based economy to a manufacturing and service based economy, which is leading to massive urbanization. This background paper reviews and assesses how well the Punjab's urban land and housing markets are functioning. The evidence suggests that urban land and housing markets are not performing as well as they could. Urban land-use planning and development controls are impeding urban development, while land titling and registration systems hamper real estate development. Systems of local resource mobilization and taxation do not generate sufficient revenues to fund key urban infrastructure. The paper notes the several critical negative consequences of poor urban land market performance, namely high land and housing prices, large and expanding katchi abadi developments, poorly located industrial estates, inadequate urban infrastructure, and constrained commercial development. 2012-06-18T16:17:52Z 2012-06-18T16:17:52Z 2006-06 http://documents.worldbank.org/curated/en/2006/06/16366487/urban-land-housing-markets-punjab-pakistan http://hdl.handle.net/10986/8280 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Urban Study Economic & Sector Work South Asia Pakistan |