Mortgage Markets Worldwide

Beschreibung

Mortgage markets are more than simply the means by which realestate transactions are financed; they are a key indicator of thelevel of development of a country's entire economy, in which banksare able to manage the associated risk, and where governments usethem to promote their social and economic policies. China, India, Singapore, Hong Kong, Japan, Ghana, South Africa,Israel, and Poland are all covered in this book, as well ascomparative studies of the Czech Republic, Hungary, Slovakia,Slovenia, Russia, and a long list of emerging economies. Theserepresent both different regions of the world and markets atvarying stages of economic and financial development. The editorspresent an institutional, empirical and theoretical evaluation ofdifferent housing finance systems, presenting a collection ofstudies that describe various aspects of selected mortgage marketsaround the world. Questions relating to housing finance efficiency and contractheterogeneity are examined and the securitization experiences inthese countries are analysed, offering valuable lessons on howmortgage markets are integrated with capital markets and howparticular institutional frameworks interact with mortgagemarkets. Short reviews on each mortgage market are given coveringinstitutional aspects of the markets, such as the size andstructure of the market (including flows and accumulation offunds); a description of the competition and a presentation of themajor competitors (including market share and major financialmeasures); profitability in the market, with trends and structuralchanges; the major mortgage instruments and their market share;special tax issues; the role of the government in the market;defaults, prepayments and mortgage insurance; and major regulatoryissues. Through this thorough analysis, the major existing problems inthe mortgage market of each country are explored, highlighting thecurrent steps adopted to solve these problems, propositions fordealing with the major issues in the future and the implieddevelopments in the market. Researchers in real estate and housing economics throughout theworld - as well as city analysts - will gain through MortgageMarkets Worldwide a better understanding of this rich andcomplex market.

Autor*in

Danny Ben-Shahar

Themen in »Mortgage Markets Worldwide«

Business & Management Economic Development Economics Immobilien Immobilien u. Grundbesitz Immobilienmarkt Property & Real Estate Volkswirtschaft Volkswirtschaftslehre Wirtschaft u. Management Wirtschaftliche Entwicklung

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"Throughout the book authors make very good use of tables andconceptual diagrams and make adequate reference to them in thetext. Each chapter is well written and the editors havesuccessfully produced a book which provides a fluentchapter-by-chapter insight into international mortgage markets."(Environment and Planning B: Planning and Design,2010)
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