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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Public sector policy in the property industry: a framework for analysis
Author:Ghyoot, Valmond
Periodical:Urban Forum
Geographic term:South Africa
Subjects:land law
public sector
Abstract:This paper explores the full spectrum of State involvement in the property industry and clarifies the underlying policies and strategic issues. After considering the reasons for State involvement, the various roles and available strategies are described, along with examples of their use in South Africa. The strategies are organized into the following framework: land control measures (demarcation of real rights; transfer and registration of real rights; restrictions on rights of use; administrative actions); indirect influence through monetary and fiscal means (monetary policy; fiscal policy); market intervention (development planning; investment and supply/demand manipulation; freezing property values and land reparcelling; control over participants in the industry; termination and restitution of real rights); and direct participation for own benefit. The paper concludes with suggestions for improving the effectiveness of public sector involvement in the property industry. Bibliogr.