Page 328 - 2019 6th AFIS & ASMMA
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So, I think the key message is this; the housing finance has got a long to adequate, safe and affordable housing, and basic services, and upgrade
way to go to serve the needs at a global level. The two charts below that slums. This has provided kind of a renewed interest in housing. It has
also give the same message; the one under on the left shows the annual made governments think about how to achieve this, what are the policies
urban growth rate expected between 2015 and 2050. Essentially, this is required, and a realization also that government alone isn't going to
a proxy for housing needs. Most of the housing needs over the next few succeed in meeting all of those needs. So, we help support towards this goal
decades are going to be from urbanization. And the fastest urbanization and the sort of things that we're looking at on the housing finance side.
rates are going to be in sub-Saharan Africa, South Asia and East Asia
Pacific. The right-hand chart shows the depth of mortgage finance, again
taking an average mortgage debt to GDP ratio. You can see the two charts
are basically almost diametrically opposite. So, where the housing needs
are going to be is where the least finances, and those countries that we've Session II
seen their populations at a steady state or in decline have already got all
of the financing. So, the challenge is really to reverse the chart on the
right, and get much more financing to where it's required.
You can split it into different categories. It's not just about mortgage
markets, either; the first category is about affordable mortgages, how
to make mortgage markets more efficient, improving foreclosure
mechanisms, improving operational efficiency, gathering data, and
looking at things like the stamp duty paid on mortgage registration,
having good credit, or rights to make the foreclosure process, faster and
This has been a challenging thing to do over the last few years. Housing more certain. Also, looking particularly for those on lower incomes or
hasn't always been at the top of the agenda. We've had infrastructure, those on informal incomes, who may not be able to purchase a whole
health, education, all tend to come ahead of housing. I'd say this is property, and it may be more appropriate to do smaller loans, home
changing, so the new sustainable development goals have really helped upgrading loans, where you can still have a kind of life-changing effect
bring forward this agenda and provide some focus. So, the world as a in terms of the quality of life, by putting a concrete floor into a property,
whole is committed to the sustainable development goals, within that improving roofing materials. There, smaller loans, housing, microfinance
same goals; 11 promises that by 2030 countries will ensure access for all loans may be better. I think Capital markets is the key to leveraging a lot
330 2019 6th AFIS & ASMMA Annual Meeting 331
