Opportunities In A Falling Market: What Has Been Happening At The Low End Of The Urban Land Market

Abstract

Falling land and property prices which have been experience globally since 2008,present both a challenge and an opportunity.What opportunities does such a market present to government,the private sector and to communities trying to establish themselves in urban areas? The myth is that such opportunities would assist the poor, but the reality is that the prices are already too high to be within the reach of the poor.Irrespective of how low they fall,short of affirmative action through grants,cross subsidies and other innovative approaches falling prices remain a pipe dream for the urban poor..