Cover image for Expanding Housing Finance to the Underserved in South Asia : Market Review and Forward Agenda.
Expanding Housing Finance to the Underserved in South Asia : Market Review and Forward Agenda.
Title:
Expanding Housing Finance to the Underserved in South Asia : Market Review and Forward Agenda.
Author:
Nenova, Tatiana.
ISBN:
9780821383230
Personal Author:
Physical Description:
1 online resource (365 pages)
Contents:
Cover -- Title Page -- Copyright -- Contents -- Foreword -- Acknowledgments -- Abbreviations -- Chapter 1: Introduction -- Growth Potential of Housing Finance Markets -- Summary of Key Challenges -- Objectives of the Report -- Scope of the Report -- Chapter 2: Housing Demand -- Chapter 3: Housing Supply -- Current State of Housing -- Development of Housing Stock -- Construction Quality and Enforcement of Construction Standards -- Housing Costs -- Housing Price Index -- Secondary Property Markets -- Chapter 4: Housing Finance Institutions and Instruments -- Traditional Mortgage Lending -- State-Owned Specialized Housing Banks -- Private Specialized Mortgage Lenders -- Islamic Housing Finance -- Large-Scale Project Finance -- Informal Housing Finance -- Homeowners' Insurance -- Risk Management -- Secondary Market for Mortgage Finance -- Prudential Regulation and Oversight -- A Word on the Global Financial Crisis -- Chapter 5: Low-Income Housing Finance -- The Power of Microfinance -- Affordability of Housing -- Low-Cost Market Solutions -- Chapter 6: Regulatory Framework for Housing and Housing Finance -- Land Administration -- Foreclosure -- Credit Information -- Chapter 7: Policy Options to Improve the Framework for Housing and Housing Finance -- Efficient Land Administration -- Housing and Housing Finance Information and Transparency -- Long-Term Funding Availability through Mortgage Refinancing -- Expanded Housing Finance to Low-Income Groups through Product Innovation -- Appendix A Afghanistan -- Overview -- Housing Demand -- Housing Supply -- Housing Finance -- Low-Income and Microfinance Housing -- Regulatory Framework and Mortgage Market Infrastructure -- Policy Options for Improving the Framework for Housing Finance -- Appendix B Bangladesh -- Overview -- Housing Demand -- Housing Supply -- Housing Finance.

Low-Income and Microfinance Housing -- Regulatory Framework and Mortgage Market Infrastructure -- Policy Options for Improving the Framework for Housing Finance -- Appendix C India -- Overview -- Housing Demand -- Housing Supply -- Housing Finance -- Low-Income and Microfinance Housing -- Regulatory Framework and Mortgage Market Infrastructure -- Policy Options for Improving the Framework for Housing Finance -- Appendix D Pakistan -- Overview -- Housing Demand -- Housing Supply -- Housing Finance -- Low-Income and Microfinance Housing -- Regulatory Framework and Mortgage Market Infrastructure -- Policy Options for Improving the Framework for Housing Finance -- Conclusion -- Appendix E Sri Lanka -- Overview -- Housing Demand -- Housing Supply -- Housing Finance -- Low-Income and Microfinance Housing -- Regulatory Framework and Mortgage Market Infrastructure -- Policy Framework and Suggestions for Future Development -- Index -- Back cover.
Abstract:
Rapid economic growth in South Asia, urbanization, and a rising middle class have created considerable pent-up demand for housing and housing finance. More than 14 percent of low-income South Asians have no home. In response, South Asia's dynamic housing and housing finance markets have grown at rates of around 30%, but are still limited to upper-income groups. The contribution of housing and real-estate sector to overall economic growth, social uplift and employment is considerable. Housing and housing finance services have the clear potential to expand to middle- and even lower- income families. This requires an improved land administration, strengthened legal framework for land titling, registration, and foreclosure, better market data provision, and promotion of long-term funding for mortgage lenders and developers. Innovative traditional mortgage products and Islamic finance could match demand in underserved market segments. This report, a first regional effort on the topic, examines housing shortages in South Asia, as well as outlines shortcomings of the market for home mortgages. Information on good practice and country-specific examples are presented on enabling builder/developers, mortgage lenders, land administration, as well as foreclosure and other relevant regulations, to strengthen home ownership in South Asia. Special emphasis is accorded to low-income housing solutions.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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