Prosperity Unbound: Building Property Markets with Trust [Hardcover]

Elena Panaritis (Author)

Book Description

Publication Date: August 7, 2007

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.

 

Editorial Reviews

Review

'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

About the Author

ELENA PANARITIS is a specialist in the creation of markets in illiquid real estate assets, property rights and public sector management. She is currently head of PANEL Group, a specialized investment advisory group that invests in undervalued property and advises on transforming real estate and other informal behaviour. She teaches at Wharton School, University of Pennsylvania, USA, and elsewhere, including Johns Hopkins University School of Advanced International Studies on housing finance, and public policy reform on property and institutions. She has spent eleven years working at the World Bank as an economist, and has spearheaded property rights reform in Peru.

Product Details

• Hardcover: 256 pages
• Publisher: Palgrave Macmillan (August 7, 2007)
• Language: English
• ISBN-10: 1403993467
• ISBN-13: 978-1403993465
• Product Dimensions: 8.7 x 6.6 x 0.7 inches
• Shipping Weight: 13.4 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,717,671 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

1 of 2 people found the following review helpful:

5.0 out of 5 stars Great, thought-provoking book. Applicable for finance, development, government policy, urban renewal, etc., October 11, 2009

By 

Rachel Beach "westendorfing" (Washington, D.C.) - See all my reviews
(REAL NAME)   

This review is from: Prosperity Unbound: Building Property Markets with Trust (Hardcover)

Very well written book, clearly explaining issues underlying informal property ownership that few people think about but that affects most of us, great perspective.