An Overview of Shared Ownership & Shared Equity: Recommendations for Sustainable Housing in Pakistan

Abstract

Home ownership is an establishment of facilities and comforts including
shelter, safety, social and physical benefits. With the passage of time, this
home ownership has become biggest dilemma, due to congestion and
rapid urbanization within mega cities. Pakistan, like many other
developing countries is facing severe problems of housing shortage due
to increasing number of people in the city centers. The present paper
encompasses review study based on concepts and practices of shared
ownership and shared equity in UK and USA. In lieu of it, findings and
discussions being analyzed in qualitative manner through content
analysis show that it has been effective in providing shelter to deserving
groups of people. The objective of this paper is to explore the
appropriateness of these housing models as way out for housing
challenges in Pakistan. Research revealed that housing policies with
inclusion of shared equity and shared ownership frameworks by non- profit organizations and government sector will help the deprived
community of Pakistan to shift from squatter settlements and slums with
the attractive glance of secure tenure and safety with proper
infrastructures.