Prosperity Unbound: Building Property Markets with Trust

Prosperity Unbound: Building Property Markets with Trust

by Elena Panaritis
     
 

Prosperity Unbound is a provocative new look at real estate and "unreal estate", a problem that afflicts half the world's property owners, living and working outside the formal structures of society. As a World Bank economist in the 1990s, and later as an investment advisor on deregulation, the author has seen first-hand how "unreal estate" distorts and

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Overview

Prosperity Unbound is a provocative new look at real estate and "unreal estate", a problem that afflicts half the world's property owners, living and working outside the formal structures of society. As a World Bank economist in the 1990s, and later as an investment advisor on deregulation, the author has seen first-hand how "unreal estate" distorts and suppresses property values and stunts the development of property markets. Working with the investment finance industry, governments, and owners, and by marrying theory and practice, she has devised an analytical solution - one that was successful in the case of Peru. It may be applied just as successfully elsewhere, unlocking value and opening the door to unbound prosperity.

Prosperity Unbound sheds light on a subject that has long been ignored or dismissed by traditional economists and offers practical guidance for policy makers, government officials, private investors and entrepreneurs who want to create or strengthen property markets and transform "unreal estate" to real estate.

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Editorial Reviews

From the Publisher

'A fascinating book worth reading by all students, practitioners, and socially responsible investors. Through a lively narraative based on personal experiences, it highlights the catalytic impact of institutions, most notably of property rights, on the functioning of markets and on development.' -Louka T.Katseli, Director, OECD Development Center

'A brilliant guide to transforming informal assets into financial opportunities benefiting all those involved. Panaritis breaks the vicious cycle of frustration with informal real estate presenting a new practical approach, proven results, and fresh thinking on how to add value by creating value. A must read.' -Eleni Tsakopoulos, President, AKT Development Corporation

'Indispensable reading for both public and private sector leaders and for anyone interested in the implications of informatlity for transforming real-estate markets. It provides critical insights on why and how institutions and property rights matter for economic and social development, and a road map for the way forward.' -Susan M.Wachter, Wharton School Real Estate and Finance, University of Pennsylvania; former Assistant Secretary at the US Housing and Urban Development Department

Product Details

ISBN-13:
9781403993465
Publisher:
Palgrave Macmillan
Publication date:
07/15/2007
Pages:
256
Product dimensions:
5.50(w) x 8.50(h) x 0.50(d)

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