Elena panaritis
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Elena panaritis

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TBLICONFERENCE Europe 2011

TBLICONFERENCE Europe 2011

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  • Institutional economist and social entrepreneur Transforming illiquid to liquid property assets : improving social, economic, environmental welfare through strengthening middle class Applied my methodology in several countries – Pioneered it in Peru : t= 3yrs Q= 7million new market players Return of x200
  • Wealth that exists but is locked-up in illiquid property: Non-secured property ownership High financial risk levels Uncertain valuation Speculative financial behavior Rights need to be Reliable; Recorded; Enforced
  • Understand the asset – the role and importance of institutions (property rights) Diagnose with Reality Check Analysis Align the interests of all key policy and market players Building Partnerships and Trust (Citizens – Government – the Private sector) Private Sector - "Doing well by doing good"
  • Margarita: seamstress worth~80$ a month in 1990 now worth ~Thousands Started with Hyperinflation –Lawlessness – and over 70% unreal estate Staggering break-through results (see chart on the next page) t= 3yrs; Q= 7million new market players Security >94% Values >42% Investment >72% Probability of child labor reduced >28% Women’s involvement >48% Labor mobility >17% Cottage industry reduced >47%
  • Peru 1995-2002 (national application program of the original methodology used by Panaritis) Rapid increase in secure liquid property ownership Over 6 million beneficiaries Investment Returns over 200x (approx.) based on value increase
  • Staggering break-through results t= 3yrs; Q= 7million new market players Security >94% Values >42% Investment >72% Probability of child labor reduced >28% Women’s involvement >48% Labor mobility >17% Cottage industry reduced >47%
  • US Deborah who mobilized the transformation of unreal to real estate in her own neighborhood. Good place to start PPPs Identify the level of reform appetite Identify players Identify non-reformers Build alliances with government agencies Apply the reform

Elena panaritis Elena panaritis Presentation Transcript

  • The Role of Property Rights in Green Investments on Real Property and Land Elena Panaritis TBLI CONFERENCE EUROPE 2011 10-11 November 2011 – Grange St. Paul’s Hotel London, United Kingdom
  • Who and What
    • Institutional economist and social entrepreneur
      • Transforming illiquid / informal / unreal to liquid property
      • Pioneered it in Peru
    • Applied methodology with
      • Panel Group LLC
      • PG Thought for Action
      • Authored Prosperity Unbound: Building Property Markets with Trust
  • The World in Perspective
    • The world in illiquid / informal property
    US $9 trillion of informal /illiquid property Over 4 billion people affected
  • Distressed Markets & Property Rights
    • Illiquid Real Estate is an outcome of a
      • Broken Property Rights System
  • Broken property rights system
    • The extremes
    Fully Informal: Inaccessible Formal: No Risk Semi Informal: High risk
  • Environmental Impacts …because of a broken property rights system
    • Environmental distortions
      • SYSTEMATIC EROSION OF CITIES AND RURAL AREAS
        • Urban sprawl
        • Land quality degradation
        • Ineffective waste management
        • Increased carbon footprint
  • Economic Impacts …because of a broken property rights system
    • Economic distortions
      • FRAGILE UNDERLYING ASSET
        • distorted valuations UP and DOWN
        • distressed property markets
        • illiquidity of savings
        • limited labor mobility
        • weak capital markets
        • limited/ investment in infrastructure;
          • e.g. telecom / utilities / energy / building improvement ...
  • Impacts of a broken property rights system
    • Social distortions
      • ENDURING INEQUALITY – POVERTY – SOCIAL DISORDER
        • growing violence – corruption – criminality
        • child labor increase
        • weak middle class
        • reduction of women’s (minority’s) participation in the wealth pool and political voice
        • serious social discontent – weak political participation
  • Solution: Transformation to tap on the socio-economic aspects
    • Successful Transformation requires Vision, Rigor, Trust
      • Understand the asset
      • Diagnose with Reality Check Analysis - Untangle
      • Align the interests of all key policy and market players – build partnerships
  • Reality Check Analysis
    • Identify & Isolate the problem
    • Check institutions’ evolution throughout time
    • Diagnose / Design Solutions
  • Align Interests KEY: TRUST
    • Establish Trust through partnerships
    • Align the interests of key policy and market players:
    Trust Private Capital Government Citizens
  • Success Stories: Margarita in Peru
    • Margarita: seamstress worth ~ $80/month in 1990
    • today she is worth ~Thousands
    • Peru 1990: Hyperinflation, lawlessness, joblessness … and over 70% unreal estate
    • Staggering break-through results …
      • $60M investment gave a 200-multiple return
      • 12 agencies turned into 2
      • $7,000 to $14
      • 7 years to 2 days
      • No more intermediaries
  • Success Stories: Peru Continued
    • Rapid increase in secure liquid property ownership
        • With over 6 million beneficiaries
    “ the big jump”
  • Peru: Positive socio-economic impacts of secure property rights issued by the program Reduced levels of.. Increased levels of..
  • Success Stories: Deborah in the US
    • Deborah in Washington DC:
    • was worth a welfare check….
    • mobilized the transformation of unreal to real estate in her neighborhood
  • How can we keep on having success stories
    • Build Triple Bottom Line businesses
    • Partner with players that are willing / share the vision
    • Use Reality Check Analysis
    • Get involved…!!!!
    • www.prosperityunbound.com/blog
    • Facebook: Fans of Prosperity Unbound (group)
    • Prosperity Unbound (page)
    • Twitter: Elena_Panaritis
    • Elena Panaritis
    • Founder and Director Panel Group LLL
    • [email_address]
    • [email_address]