Article ID Journal Published Year Pages File Type
10477118 Journal of Housing Economics 2005 6 Pages PDF
Abstract
International mortgage markets can play an important role in stimulating affordable housing markets and improving housing quality in many countries. Unfortunately, international mortgage markets are often less developed than in the United State. This lack of development often translates into lower homeownership rates or lower housing quality. The problems faced in international mortgage markets include but are not limited to (1) legal systems that delay foreclosure proceedings, (2) incomplete or weak financial institutions, (3) high inflation, and (4) cultural barriers to mortgage market development and homeownership.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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