Coming second? Secondary market development in developing countries: A case study

From: Housing Finance International | Date: September 1, 2000| Author: Porteous, David | Copyright information

ABSTRACT

During the past decade, a number of developing countries have investigated, and some have embarked on, the process of establishing a secondary housing finance system, usually influenced by the United States model. Few have yet been proved successful. Based on the assessment that a secondary market offered a means of extending access to housing finance to lower-income groups, South Africa embarked on a pilot secondary market project in 1999. This article reviews the progress o...

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