This guide first outlines the pieces of the urban land market puzzle, explaining how they can be assembled in a variety of ways to form different pictures – and how they are moved and reshaped by a variety of forces. To help make sense of this complex market place, we also highlight some of the practical problems facing African cities in trying to make land markets work for poor people and the (sometimes conflicting) roles of different actors in this environment. We begin by introducing the main economic concepts of the urban land market. To show how they are related, each concept refers to other concepts: if a word is highlighted, it means there is a separate entry that explains that concept in more detail.
The handbook introduces key economic and related concepts explaining the functioning of urban land markets. By introducing key classical economic concepts, the handbook provides foundational economic terms that are often referred to in relation to urban land markets. It is intended for use by people in government, private firms and non-governmental organisations involved in the fields of housing, urban planning, engineering, architecture and related areas. It provides a basis for strengthening urban policy in ways that enable poorer people in African cities to access well-located living and work spaces.
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