Land Markets : Promoting the Private Sector by Improving Access to Land
Russell Muir, Xiaofang Shen
Abstract
Russell Muir, Xiaofang Shen
Abstract
Land markets that allow access to land-and to buildings-through secure property rights, at transparent prices, and with efficient permitting processes and land tax systems are essential to a good business environment. Creating such markets, however, can be a long, complex, politically charged process, especially where most land is untitled and where there are conflicting claims. But experience points to practical interim or step solutions that can have a positive impact and generate the political capital to reform the overall land market system.
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Land markets that allow access to land-and to buildings-through secure property rights, at transparent prices, and with efficient permitting processes and land tax systems are essential to a good business environment. Creating such markets, however, can be a long, complex, politically charged process, especially where most land is untitled and where there are conflicting claims. But experience points to practical interim or step solutions that can have a positive impact and generate the political capital to reform the overall land market system.
Key concepts: Interim, Private capital, Property rights, Business, Process (computing), Land tenure, Land law, Politics