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Public sector policy in the property industry

A framework for analysis

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Conclusion

It is generally accepted that the state has to intervene in the property industry. What is not clear is how the complex trade-off between public and private interests should be managed. Clarifying actions include a regular audit of state policies. This paper has provided a conceptual framework for analysing public sector involvement, as well as the available strategies and their implementation.

State involvement in the property industry ranges from rule setting, through indirect influence and intervention to active involvement. Analysts agree that indirect means and active involvement are more effective than rule setting. Because instruments that work in one situation will not necessarily be as effective elsewhere, specific emphasis was placed on South Africa in this paper, although several examples of international practice were also provided.

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Authors
  1. Valmond Ghyoot
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Ghyoot, V. Public sector policy in the property industry. Urban Forum 9, 255–270 (1998). https://doi.org/10.1007/BF03033053

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  • DOI: https://doi.org/10.1007/BF03033053

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