Evaluation of Home-Equity Financing Option in a Developing Economy, Illustrated with an Example of Ghana

• Authors: Foster Jonathan Nyarko , Jonathan Zinzi Ayitey , Emmanuel Kofi Gavu

Title variants

PL

Ocena zakupu mieszkania finansowanego kredytem hipotecznym w krajach rozwijających się na przykładzie Ghany

• Languages of publication: EN

Abstracts

EN

The introduction of mortgage financing in developing economies such as Ghana has been a marginal success. The framework and the macroeconomic environment necessary for a vibrant and effective mortgage finance system is almost non-existent and may demand a considerable period and a lot of effort to correct such anomalies. This study seeks to explore the prospects of equity financing and further suggests its viability in housing financing for developing economies. The survey confirms the most preferred housing finance option to be equity; this situation results in numerous piecemeal developments, many of which never see completion. The study finds out that due to worsening and unstable economic conditions, equity users often encounter a shortage of equity along the line of construction. We therefore conclude that rental housing is a better option for satisfying the housing needs of the majority of Ghanaians.

PL

Artykuł podejmuje problematykę zakupu mieszkaniowego finansowanego kredytem hipotecznym w krajach rozwijających się. Autorzy prezentują przykład Ghany, czyli kraju w którym kredyt hipoteczny jako produkt finansowy jest na bardzo wczesnym etapie rozwoju (w 2010 roku jedynie 0,8% mieszkań było finansowanych tą metodą). W artykule przedstawiono szanse i zagrożenia dla lewarowanego sposobu zakupu mieszkania, z uwzględnieniem specyfiki społecznoekonomicznej Ghany. Rozważania teoretyczne są uzupełnione wynikami badań ankietowych.

Keywords

EN

housing; homeownership; equity financing; incremental development

PL

mieszkalnictwo; własność mieszkaniowa; finansowanie nieruchomości; stopniowy rozwój

• Publisher: Fundacja Uniwersytetu Ekonomicznego w Krakowie
• Journal: Świat Nieruchomości
• Year: 2015
• Issue: 4(94)
• Pages: 23-28

Dates

published

2015-12-30

Contributors

author

Foster Jonathan Nyarko

• Department of Land Economy, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana

author

Jonathan Zinzi Ayitey

• Department of Land Economy, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana

author

Emmanuel Kofi Gavu

• Department of Land Economy, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana

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Identifiers

DOI

10.14659/worej.2015.94.04