Urban Property Rights in Peru - pt. 1 of 2

Since the 1940s rural-to-urban migration has radically altered the structure of Peruvian cities. Migrants from rural areas were largely excluded by the established legal system from access to land and housing. They responded by establishing informal settlements that by 1995 represented more than 1.5 million informal urban properties located in the eight largest urban centers.

The Peru Urban Property Rights Project was designed to set up a system for assuring formal and sustainable rights to real property in selected, predominantly poor, settlements in large urban areas.

More than 1.2 million properties were registered and about 920,000 property titles were issued, primarily to the poor residents of urban and semi-urban areas. The project benefited more than 4.6 million Peruvians, mobilized about $400 million in formal credit to marginal communities, and increased the value of formalized property by about US$523 million.

Category:

Travel & Events

Tags:

• World
• Bank
• Peru
• Urban
• Property
• Rights