Housing and Housing Finance - A Review of the Links to Economic Development and Poverty Reduction

Abstract

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The Housing Sector in Africa: Setting the Scene

“…The links between housing investments and economic development have been established for many regions at different periods of time (Chen and Zhu 2008;Terzi and Bolen 2007;Doling et al 2013). In developed countries, the construction sector is viewed as a large contributor to economic activity and job creation.…”

“…The social development aspect of housing is recognized by Goal 11 of the 2030 agenda for sustainable development: "Make cities and human settlements inclusive, safe, resilient, and sustainable." The literature has established clear links between housing conditions and social outcomes, including health, social belonging, education outcomes, social security, and satisfaction with living conditions (Doling et al 2013;Thomson and Pettigrew 2005). Using data from the Demographic and Health Surveys and the Mo Ibrahim Foundation, we find a clear positive correlation (0.32) in Africa, between the percentage of households living in poor-quality housing and the rates of child mortality ( Fig.…”

Housing and Economic Growth Nexus in Nigeria: Data Based Evidence

“…At diff erent times, governments of developed countries have played active roles in the housing sector for economic growth and development reasons. A housing sector may support poverty reduction and inclusive growth through its contribution to economic output, employment, generation of a demand for materials and related services, and improved standard of living of occupants (Doling, Vandenberg and Tolentino, 2013). However, uneven and unplanned urban growth usually place pressure on resources and limit the capacity to deliver housing and related infrastructural services (UN-Habitat, 2014).…”

Evolution of mortgage regulations in Asian countries

“…Thailand, China, Philippine can be viewed as the newcomer in the housing mortgage market. Mortgage debt just possess a couple segment of their GDP (Doling et al 2013). Excluding US, Japan has the biggest home loan market.…”

“…Except Japan, there is an increase in the population growth over the past 20 years. (Doling et al 2013). Table 3 Mortgage market as percentage of GDP in Asia (Kobayashi 2012) 4.3 Hong Kong The Conveyancing and Property Ordinance (Cap 219) was gazette in 1997.…”