Housing Finance In Emerging Markets

Author : Loic Chiquier,Michael J. Lea
Publisher : World Bank Publications
Page : 540 pages
File Size : 49,9 Mb
Release : 2009
Category : Social Science
ISBN : 9780821377512

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Housing Finance Policy in Emerging Markets by Loic Chiquier,Michael J. Lea Pdf

Housing finance markets have been changing dramatically in both emerging and developed economies. On the one hand, housing finance markets are expanding and represent a powerful engine for economic growth in many emerging economies. However, the unfolding sub-prime mortgage crisis highlights the risks and potential turbulence that this sector can introduce into the financial system when expanding without proper infrastructure and regulation. As housing finance keeps growing in emerging economies to match a rising demand for housing, new risk management approaches, business models, funding tools, and policy instruments can help. Yet many questions remain about the right balance between innovation and regulation, the extent of risks to the financial system, the appropriate role of the state to promote affordable housing, and the effects of the sub-prime crisis. This book provides a guide for policymakers dealing with housing finance in emerging markets. It highlights the prerequisites for an effective housing finance system; it lays out several policy alternatives and models of housing finance; and it explores the role of governments in expanding access to housing finance for lower-income households. There is no "best" model set out in this book. The aim is to provide a developmental roadmap that can be tailored and sequenced to each country's situation and timing.

Author : Doris Köhn,J. D. Pischke
Publisher : Springer Science & Business Media
Page : 244 pages
File Size : 46,8 Mb
Release : 2011-01-21
Category : Business & Economics
ISBN : 9783540778578

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Housing Finance in Emerging Markets by Doris Köhn,J. D. Pischke Pdf

The growth of urban areas and population in middle and low income countries is a continuing trend. Urbanization expands as rural to urban migration offers better income opportunities in cities. This trend is both a source of development opportunities and challenges for the housing sector. On the one hand, housing is a large and growing market, and on the other, massive slums confirm the poor housing conditions in many developing countries. These adverse conditions mirror inadequate housing policies, inefficient or absent property registration, as well as limits to access to housing finance. Provision of affordable housing is therefore an important topic in the fight against poverty. This book focuses on solutions that improve the enabling environment for the poor in accessing housing finance. It explores how to develop and integrate housing finance into a sustainable financial system for developing countries and offers ways in which low-income families can obtain better access to housing finance. This book provides a conceptual framework for housing finance development and addresses practical solutions in the provision of housing finance and compares different approaches.

Author : Doris K Hn,J. D. Pischke
Publisher : Unknown
Page : 256 pages
File Size : 46,7 Mb
Release : 2011-03-30
Category : Electronic
ISBN : 3540870482

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Housing Finance in Emerging Markets by Doris K Hn,J. D. Pischke Pdf

Author : Loic Chiquier
Publisher : Unknown
Page : 128 pages
File Size : 46,5 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:1132083366

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Housing Finance Policy in Emerging Markets by Loic Chiquier Pdf

Author : Doris Köhn,J. D. von Pischke
Publisher : Springer
Page : 244 pages
File Size : 46,6 Mb
Release : 2011-01-31
Category : Business & Economics
ISBN : 354077856X

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Housing Finance in Emerging Markets by Doris Köhn,J. D. von Pischke Pdf

The growth of urban areas and population in middle and low income countries is a continuing trend. Urbanization expands as rural to urban migration offers better income opportunities in cities. This trend is both a source of development opportunities and challenges for the housing sector. On the one hand, housing is a large and growing market, and on the other, massive slums confirm the poor housing conditions in many developing countries. These adverse conditions mirror inadequate housing policies, inefficient or absent property registration, as well as limits to access to housing finance. Provision of affordable housing is therefore an important topic in the fight against poverty. This book focuses on solutions that improve the enabling environment for the poor in accessing housing finance. It explores how to develop and integrate housing finance into a sustainable financial system for developing countries and offers ways in which low-income families can obtain better access to housing finance. This book provides a conceptual framework for housing finance development and addresses practical solutions in the provision of housing finance and compares different approaches.

Author : Anonim
Publisher : DIANE Publishing
Page : 37 pages
File Size : 53,7 Mb
Release : 2000
Category : Electronic
ISBN : 9781428985254

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Bridging the housing gap in emerging markets : a report from the Overseas Private Investment Corporation by Anonim Pdf

Author : Franklin Allen,James R. Barth,Glenn Yago
Publisher : Pearson Prentice Hall
Page : 214 pages
File Size : 53,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780137011605

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Fixing the Housing Market by Franklin Allen,James R. Barth,Glenn Yago Pdf

Explains the financial history leading to the mortgage meltdown and assesses today's housing finance systems in the United States and abroad.

Author : Loic Chiquier,Olivier Hassler,Michael J. Lea
Publisher : Unknown
Page : 48 pages
File Size : 45,5 Mb
Release : 2004
Category : Housing
ISBN : UCSD:31822032313058

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Mortgage Securities in Emerging Markets by Loic Chiquier,Olivier Hassler,Michael J. Lea Pdf

"Despite its recognized economic and social importance, housing finance often remains underdeveloped in emerging economies. Residential lending remains small, poorly accessible, and depository-based. Lenders remain vulnerable to significant credit, liquidity, and interest rate risks. As a result, housing finance is relatively expensive and often rationed. The importance of developing robust systems of housing finance is paramount as emerging economy governments struggle to cope with population growth, rapid urbanization, and rising expectations from a growing middle class. The capital markets in many economies can provide an attractive and potentially large source of long-term funding for housing, and solutions to better allocate part of the risks. The advent of institutional investors is creating large and rapidly growing pools of funds that may facilitate the development of mortgage-related securities. Despite such a strong appeal, there are significant barriers to the development of mortgage securities in emerging markets. Their success is dependent on many factors, starting with a strong legal and regulatory framework and liberalized financial sector, and including a developed primary mortgage market. The experience in developing mortgage securities in emerging markets has been mixed. Chiquier, Hassler, and Lea review the experience of introducing mortgage securities in emerging markets and explore the policy issues related to this theme. This paper - a product of the Financial Sector Operations and Policy Department - is part of a larger effort in the department to provide housing finance information"--World Bank web site.

Author : OECD
Publisher : OECD Publishing
Page : 204 pages
File Size : 41,6 Mb
Release : 2002-03-15
Category : Electronic
ISBN : 9789264195943

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Housing Finance in Transition Economies by OECD Pdf

This conference proceedings present papers providing the the first in-depth survey of current situation and challenges in the development of housing finance in major transition economies in particular, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic and Slovenia.

Author : Danny Ben-Shahar,Charles Leung,Seow-Eng Ong
Publisher : John Wiley & Sons
Page : 312 pages
File Size : 49,8 Mb
Release : 2009-01-28
Category : Business & Economics
ISBN : 9781444302318

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Mortgage Markets Worldwide by Danny Ben-Shahar,Charles Leung,Seow-Eng Ong Pdf

The book provides a theoretical and empirical evaluation ofdifferent housing finance systems, presenting a collection ofstudies that describe various aspects of selected mortgage marketsaround the world. The uniqueness of the chosen markets lies in thefact that they represent not only different regions around theglobe (Africa, the Middle East, Asia, and Eastern Europe), but alsounderstudied markets in different stages of economic and financialdevelopment. This book examines questions relating to housingfinance efficiency and contract heterogeneity. In addition, itanalyses the securitization experiences in these countries toprovide lessons on how mortgage markets are integrated with capitalmarkets and how particular institutional framework interacts withmortgage markets. Short reviews are provided for each of the selected mortgagemarkets. The review will include institutional aspects of themarkets such as: the size and structure of the market (includingflows and accumulation of funds); a description of the competitionand a presentation of the major competitors (including marketshare, major financial measures, etc.); profitability in themarket, trends, structural changes, the major mortgage instrumentsand their market share, special tax issues, the role of thegovernment in the market, defaults, prepayments, mortgageinsurance, and major regulatory issues. The analysis explores the major existing problems in the mortgagemarket of each country, the current steps adopted to solve theseproblems, possible propositions for dealing with the major issuesin the future, and the implied future developments anticipated inthe market.

Author : Ira Gary Peppercorn,Claude Taffin
Publisher : World Bank Publications
Page : 177 pages
File Size : 48,7 Mb
Release : 2013-04-02
Category : Business & Economics
ISBN : 9780821397985

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Rental Housing by Ira Gary Peppercorn,Claude Taffin Pdf

This book aims to bring rental housing to the forefront of the housing agenda in countries around the world and to provide general guidance for policy makers on how to develop or redevelop a sound rental sector.

Author : R. Buckley
Publisher : Springer
Page : 208 pages
File Size : 52,6 Mb
Release : 1996-11-15
Category : Business & Economics
ISBN : 9780230376601

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Housing Finance in Developing Countries by R. Buckley Pdf

The book analyzes housing finance policy in developing countries at a time of unprecedented change in such systems. It brings together and updates journal articles originally written as background papers and sector studies for the World Bank's involvement in these changes. It focuses on the implications for housing finance of two historic developments: the most turbulent period in world financial history and the subsequent widespread liberalization of financial systems; and the recognition of the failure of centrally-planned economies.

Author : Mr.Francisco Roch
Publisher : International Monetary Fund
Page : 18 pages
File Size : 42,7 Mb
Release : 2017-08-18
Category : Business & Economics
ISBN : 9781484316535

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Housing Finance and Real Estate Markets in Colombia by Mr.Francisco Roch Pdf

Colombian house prices have increased significantly between 2005 and 2016. This paper estimates the extent of misalignments in house prices relative to fundamentals and evaluates the overall risk to the economy from the housing sector. The results suggest a moderate house price misalignment relative to fundamentals which is, however, mitigated by housing finance characteristics.

Author : Raymond Talinbe Abdulai,Franklin Obeng-Odoom,Edward Ochieng,Vida Maliene
Publisher : Routledge
Page : 384 pages
File Size : 50,7 Mb
Release : 2015-10-23
Category : Business & Economics
ISBN : 9781317647836

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Real Estate, Construction and Economic Development in Emerging Market Economies by Raymond Talinbe Abdulai,Franklin Obeng-Odoom,Edward Ochieng,Vida Maliene Pdf

Real Estate, Construction and Economic Development in Emerging Market Economies examines the relationships between real estate and construction sectors and explores how each sector, and the relationships between them, affect economic development in emerging market economies (EMEs). Throughout the book, the international team of contributors discuss topics as diverse as real estate finance and investment, housing, property development, construction project management, valuation, sustainability and corporate real estate. In doing so the book demonstrates how the relationship between construction and real estate impacts on economic development in countries such as Argentina, Brazil, Colombia, China, Ghana, Nigeria, Turkey, Lithuania, Hungary and Slovenia. Topics include: the role of real estate brokerage in improving the living standards of citizens; the effect of a mineral boom on construction cycles, real estate values and the socio-economic conditions of people in boom towns and cities; corporate real estate management practices and how they affect economic growth; and the synergies between construction and real estate and how they, in turn, affect economic development. This book will be of interest to those studying and researching real estate, construction, development studies, urban economics and emerging market economies.

Author : H. Kent Baker,Peter Chinloy
Publisher : Oxford University Press
Page : 672 pages
File Size : 45,8 Mb
Release : 2014-08-07
Category : Business & Economics
ISBN : 9780199993291

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Public Real Estate Markets and Investments by H. Kent Baker,Peter Chinloy Pdf

Real estate is typically classified as an alternative to more traditional investments such as stocks and bonds. Real estate investing involves the purchase, ownership, management, rental, or sale of real estate for profit. Real estate investments can be both income producing and non-income producing. Although real estate can produce income like a bond and appreciate like a stock, this tangible asset has several unique characteristics as well as advantages and disadvantages relative to other investment alternatives. Benefits of including real estate in a portfolio include diversification, yield enhancement, risk reduction, tax management, and inflation hedging. Unlike traditional investments, investors in real estate have the ability to influence performance. Real estate has drawbacks in that it requires management, is costly and difficult to buy, sell, and operate, and sometimes has lower liquidity. Additionally, measuring the relative performance of real estate can be challenging. The purpose of this 14-chapter book is to provide an overview and synthesis of public real estate markets and investments in a global context. The book discusses the major types and the latest trends within public real estate markets and presents the results of research studies in a straightforward manner. It has three sections: (1) foundations of public real estate, (2) public debt markets and investments, and (3) public equity markets and investments. The book should be interest to various groups including academics, practitioners, investors, and students. Readers should gain a greater appreciation of what is needed for success when investing in public real estate markets. For more information about private real estate, read Private Real Estate Markets and Investments.