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Housing Policy Keeps the World's Poor Poor

LONDON-The Third World should look to Britain not continental Europe for a housing policy to copy. A report by the RICS calls for changes in the way world housing markets operate

By Charlie Jacoby | Updated on May 27, 2003

LONDON-The developing world needs 21 million new housing units but heavy-handed government intervention in housing markets has been a major contributor to the scale of the housing crisis that it is currently facing. According to research by the Royal Institution of Chartered Surveyors, housing policies in developed countries do not offer a suitable model for other countries to follow.

The report’s author, Professor Michael Ball of the University of Reading, said: ‘Government intervention has been a hallmark of housing policy around the world for much of the post 1945 period, but the results have often been poor. Market processes are generally the best way to deal with housing problems. Policies need to build up the institutional structures of markets, rather than undermine them, as they have tended to do in the past.’

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