Making Room for Renters: Understanding and Supporting Rental Markets in the Global South — Evidence from Dar es Salaam, Tanzania

Alexandra Patricia Panman and Nancy Lozano Gracia
Authors registered in the RePEc Author Service: Nancy Lozano-Gracia

No 9579, Policy Research Working Paper Series from The World Bank

Abstract: Many people in the global south access housing through informal rental markets, but remarkably little is known about how these markets work or the quality of the accommodations on offer. This paper draws on a unique new data set to analyze the informal rental market in a case study city: Dar es Salaam, Tanzania. The picture that emerges is one of a large, anonymous market in which there are clear price premiums for accommodation and neighborhood quality. At the same time, however, demand for quality housing outstrips supply, confining even upper-income households to slum conditions. The findings shed light on market dynamics that shape access to adequate housing in Dar es Salaam and other cities across the world. The paper closes by drawing on these insights to make recommendations to improve existing urban development policies such as slum upgrading, as well as to develop new approaches to rental housing that can materially improve living conditions in the rapidly expanding cities of the Global South.

Keywords: Urban Housing and Land Settlements; Urban Governance and Management; Municipal Management and Reform; Urban Housing; Non Bank Financial Institutions; Capital Markets and Capital Flows; Capital Flows; Health and Sanitation; Water and Human Health; Sanitation and Sewerage; Environmental Engineering; Engineering; Water Supply and Sanitation Economics; Town Water Supply and Sanitation; Sanitary Environmental Engineering; Small Private Water Supply Providers; Hydrology; Energy Policies&Economics (search for similar items in EconPapers)
Date: 2021-03-12
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (1)

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