Expanding Housing Finance to the Underserved in South Asia

Expanding Housing Finance to the Underserved in South Asia

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crisis demonstrated the importance of a strong, disciplined, and honest mortgage market. As we learn our lessons, it is critically important that those who have been closed out of the housing sector do not get closed out again. In South Asian and Pacific countries, we hope that a balance can be found between discipline and access. Ira Peppercorn Former Deputy Federal Housing Commissioner, United States Housing markets in South Asia are undergoing a dynamic intermediate stage of their development, ranging from an incipient institutional framework in Afghanistan to a dynamic developing housing finance system in India. International experiences-including such examples as Malaysia, Mexico, the Republic of Korea, Singapore, and Thailand-provide many useful lessons and examples in building institutions, enabling markets, and expanding housing finance outreach to the middle- and lower-income groups. Narayanasamy Kokularupan Former CEO of Cagamas Berhad, Malaysia --Book Jacket.Furthermore, there is virtually no rental market for middle- and low-income renters. ... All of the new apartments being built at the high end of the market are condominiums, with high investor ownership; and a considerable number are rented.

Title:Expanding Housing Finance to the Underserved in South Asia
Author:Tatiana Nenova
Publisher:World Bank Publications - 2010


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