Definition: Informal housing market

Housing price statistics

Residential areas where a group of housing units has been constructed on land to which the occupants have no legal claim, or which they occupy illegally, or unplanned settlements and areas where housing is not in compliance with current planning and building regulations.
Source:
Eurostat, International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations Economic Commission for Europe (UNECE), The World Bank, "Handbook on Residential Property Prices Indices (RPPIs)", Publications Office of the European Union, Luxembourg, 2013
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