Corruption can drive up costs of property developments by almost 15%

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Published Jun 23, 2021

A new study found that corruption not only marked up prices of goods, but had also incurred a 14.8 percent increase in costs in property developments which was then absorbed by house buyers.

The “Corruption in the Supply Chain: Forms and Impacts on Consumers” report featured an in-depth study on how corruption in three sectors - construction, healthcare, and education took place.

The study was jointly prepared by Institute for Democracy and Economic Affairs (Ideas) and Coalition for Business Integrity (CBI).

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Corruption can drive up costs of property developments by almost 15% - study

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