What are Property Rights?

  • People acquire property by nature, they live on property, work on property and make a living on it.
  • Three quarters of the world’s population do not have property rights.
  • Most people cannot proof ownership on the land they fund, or a house they live in.
  • A title deed is a viable and recognised way for people to have a real legal ownership on their property.
  • Title deed provides people with proof of ownership on their house, or farms and this will guard against any deprivation or intrusion on people’s private property.
  • Through title deed people can transact and exercise right and entitlements over their property.
  • Without a title deed, no valid legal ownership and protection exist.
  • In Africa 90% of land is undocumented. This mean there is no valid title and individual rights on these lands, and in most cases the state has more rights on these lands.
  • Families might have found and lived on these lands for centuries, but they may be at risk of losing these lands since there is no title over it.
  • In some parts of the world it is even tougher, women cannot own land or even inherit property.
  • Despite producing half of the world’s food, women own less than 20% of land.
  • A problem is not just about farmland or forest, this is also happening in some of the world’s fast-growing cities.
  • In India, most people without title deed or tenure are losing their homes as they are bulldozed in the name of development.
  • Property rights are incredibly important.
  • When people can prove ownership, they have security and the chance to invest in their future.
  • Communities with property rights are stronger, healthier, wealthier and better educated.
  • It’s all about “place’: property, land, access, connections, and empowerment.
  • Land rights are the most important human rights.

 Further Reading:

 

The Natural and Artificial Right of Property Contrasted (1832) by Thomas Hodgskin

The Law by Frederic Bastiat

“PART 1: PRIVATE RIGHT” in The Philosophy of Law: An Exposition of the Fundamental Principles of Jurisprudence as the Science of Right by Immanuel Kant