The public process of allocating land to residential, commercial, industrial, and other uses; weak or slow planning approvals are a chronic constraint on supply across African markets.
Related terms
- Land value capture
Public recovery of part of the land-value uplift created by infrastructure or planning.
- Mixed-use
Development combining residential, commercial, and other uses on one site.
- Placemaking
Designing spaces to create a distinctive, attractive sense of place that supports value.
- Policy rate (base rate)
The benchmark interest rate a central bank sets to steer the economy; it flows directly into mortgage and development-finance costs, so a hike from the CBE or…
- Public-private partnership (PPP)
A cooperative arrangement between government and private parties to deliver assets or services.
- Purchasing power
The quantity of goods and services a unit of currency can buy; it falls as inflation rises, which is why affordability analysis must use real, not nominal, inc…
- Real vs nominal
Nominal values are stated in current money; real values strip out inflation to show true change in purchasing power.
- Recession
A sustained contraction in economic output, conventionally two consecutive quarters of falling GDP; it suppresses absorption, widens the demand-supply gap, and…