With the amount of discussion that is happening both domestically and internationally about the precariousness of the real estate market, an interest in the value of global informal property markets grows steadily. Determined to bring these issues to policy-making, financial, and other rightfully concerned communities, Director of Panel Group and former World Bank economist Elena Panaritis brings to the public her documentation of the rise of “unreal” estate.
Tuesday, May 27th, 2008 – Invited by Insead – NY Business School Community and Grandes Echoles, hosted by Greenberg Traurig; Ms. Panaritis will present her book Prosperity Unbound: Building Property Markets with Trust (foreword by Francis Fukuyama). She proposes a radically different approach to global property markets. She transforms what she calls “unreal” estate into real estate – informal property to formal property, through a profound institutional change in property rights.,
Ms. Panaritis has pioneered such transformations for over a decade working with investors, government officials, and property owners. She has devised an analytical solution called “Reality Check Analysis” that has helped to unchain value in informal properties and create value for owners and investors. The method for transforming informal property was applied successfully in Peru in the 1990s. Her presentation will take the audience through New Orleans, where hurricane victims refused to leave their homes because they lacked formal ownership documentation, to the land-grabbing anarchy taking place in Zimbabwe.