AN OVERVIEW OF THE GLOBAL MORTGAGE MARKETS
https://doi.org/10.21686/2073-1051-2019-3-98-115
Abstract
As the population of the world continues to grow and living standards continue to improve, we must find an adequate solution for housing issues. The first part of this paper tries to shed more light on the drawbacks and the past anomalies of the world mortgage market. We observe different continents and try to point out the main causes behind the bottlenecks of mortgage markets. The reasons vary across countries but some similarities emerge, such as that in the initial period repayment places a huge financial burden on households.
Keywords
Africa,
Asia,
challenges and trends,
China,
Europe,
Latin America,
mortgage markets,
overview,
United States
About the Authors
L. Kovacs
University of Miskolc
Hungary
Hungary
KOVАCS Levente Secretary General of the Hungarian Banking Association, Associate Professor
and Head of the Finance and Accounting Institute
Miskolc-University Town, Hungary, H-3515
S. Pasztor
National University of Public Service
Bulgaria
Bulgaria
PASZTOR Szabolcs Assistant Professor at the Department of International Economics
2, Ludovika square, Budapest, Hungary, H-1083
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Review
For citations:
Kovacs L., Pasztor S. AN OVERVIEW OF THE GLOBAL MORTGAGE MARKETS. Federalism. 2019;(3):98-115. https://doi.org/10.21686/2073-1051-2019-3-98-115
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