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

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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)

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.

Suggested Citation

  • Akhtar Lodhi & Hafiz A. Pasha, 1991. "Housing Demand in Developing Countries: A Case-study of Karachi in Pakistan," Urban Studies, Urban Studies Journal Limited, vol. 28(4), pages 623-634, August.
    • Handle: RePEc:sae:urbstu:v:28:y:1991:i:4:p:623-634
    DOI: 10.1080/00420989120080691
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    References listed on IDEAS

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    Cited by:

    1. Ayaz Ahmad & Nasir Iqbal & Rehana Siddiqui, 2018. "Determinants of Housing Demand in Urban Areas of Pakistan: Evidence from the PSLM," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 57(1), pages 1-25.

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