Housing Demand in Developing Countries: A Case-study of Karachi in Pakistan

Akhtar Lodhi and Hafiz A. Pasha
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Akhtar Lodhi: Applied Economics Research Centre, University of Karachi, PO Box 8403, Karachi 75270. Pakistan
Hafiz A. Pasha: Applied Economics Research Centre, University of Karachi, PO Box 8403, Karachi 75270. Pakistan

Urban Studies, 1991, vol. 28, issue 4, 623-634

Abstract: This paper analyses the characteristics of housing demand in the formal and informal housing markets of a large metropolitan city (Karachi) in a developing country (Pakistan) with low per capita incomes. While results of earlier research are confirmed in the case of the formal housing market, the explanatory power of the conventional housing demand specification is very limited in the informal sector. This is attributed to the impact of outward remittances by migrants, imperfections in the housing credit market, the low level of provision of public goods and differences in housing preferences.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:28:y:1991:i:4:p:623-634

DOI: 10.1080/00420989120080691

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