Housing Finance in Sri Lanka : Opportunities and Challenges
Sri Lanka has embarked on a gradual transition from a system of directed credit in a highly segmented market toward an integrated market-driven housing finance system. This transition has included an increased role of private universal banks in the...
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| Format: | City Development Strategy (CDS) |
| Language: | English |
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Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/11/16238776/housing-finance-sri-lanka-opportunities-challenges http://hdl.handle.net/10986/8106 |
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okr-10986-8106 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO FINANCE ACCESSIBILITY ACCOUNT HOLDERS ADVISORY SERVICES AFFORDABILITY AFFORDABLE HOUSING AFFORDABLE HOUSING FINANCE ALTERNATIVE INVESTMENT ALTERNATIVE INVESTMENTS AVAILABILITY OF CREDIT BACKED SECURITIES BALANCE SHEETS BANK ASSETS BANK BRANCHES BANK DEPOSITS BANK LENDING BANK LOANS BANKING RELATIONSHIP BANKING SERVICES BANKING SYSTEM BARRIERS TO ENTRY BOND MARKET BORROWER BORROWING BORROWINGS BUSINESS VOLUME CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL MARKET CAPITAL MARKETS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL LENDING COMMUNITY DEVELOPMENT CONSUMER FINANCE CONSUMER PROTECTION CONTRACTUAL SAVINGS COOPERATIVES CORE DEPOSITS CREDIT BUREAUS CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT PROVIDER CREDIT RISK CREDIT SCORING CREDIT-SCORING CUSTOMER BASE DEBT DEBT FINANCING DEBT INSTRUMENTS DEMAND FOR CREDIT DEPOSIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DIRECTED CREDIT DONOR FUNDS EARNINGS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC RESOURCES ELECTRONIC TRANSFER EMPLOYEE EMPLOYER EMPLOYER CONTRIBUTIONS EQUITY INVESTMENTS EXPENDITURE EXPENDITURES FAMILIES FINANCE COMPANIES FINANCIAL ASSETS FINANCIAL DEPTH FINANCIAL GLOBALIZATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL LIBERALIZATION FINANCIAL MARKETS FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR POLICIES FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL RESOURCES FIXED RATE FIXED RATES FLOW OF FUNDS FORECLOSURE FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FORMAL FINANCIAL INTERMEDIARIES FORMAL FINANCIAL SECTOR FUNDING SOURCES GOVERNMENT FUNDING GOVERNMENT INTERVENTIONS GOVERNMENT SECURITIES HIGH INTEREST RATES HOME LOAN HOME LOANS HOME MORTGAGE HOME MORTGAGE CREDIT HOME MORTGAGE LENDING HOME MORTGAGE MARKET HOME MORTGAGE MARKETS HOME MORTGAGES HOMEOWNER HOMEOWNERSHIP HOUSEHOLD ACCESS HOUSEHOLD DEPOSITS HOUSEHOLDS HOUSING FINANCE HOUSING LOAN HOUSING LOANS HUMAN CAPITAL INCOME GROUP INCOME GROUPS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INTEREST RATE INTEREST RATE RISK INTEREST RATE RISKS INTEREST RATES INVESTABLE FUNDS INVESTMENT BANK INVESTMENT RISK LABOR MOBILITY LACK OF PROPERTY LAND REGISTRATION LENDER LENDERS LENDING POLICIES LENDING TECHNIQUES LIQUIDITY RISK LOAN LOAN FUNDS LOAN TERMS LONG-TERM FUNDING MACROECONOMIC POLICY MACROECONOMIC RISKS MARKET DEVELOPMENT MARKET ECONOMIES MICRO FINANCE MICRO FINANCE INSTITUTIONS MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MONETARY POLICY MORTGAGE MORTGAGE CREDIT MORTGAGE FINANCING MORTGAGE LENDERS MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE PRODUCTS MORTGAGE RATE MORTGAGE RATES MORTGAGES MULTINATIONALS NATIONAL BANK NEW MARKET OPERATING COSTS OUTREACH POINT-OF-SALE POLICY ENVIRONMENT POOR ACCESS PRICE MOVEMENTS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE LENDERS PRIVATE SAVINGS PRIVATIZATION PROFITABILITY PROPERTY RIGHTS PUBLIC INVESTMENT REAL ESTATE REFUGEES REGISTRATION SYSTEM REGULATORY FRAMEWORK REPAYMENT REPAYMENTS RETAIL BANK RETURN RISK MANAGEMENT SAVINGS SAVINGS ACCOUNTS SAVINGS BANK SAVINGS RATE SAVINGS RATES SECOND MORTGAGES SECONDARY MORTGAGE MARKET SECONDARY MORTGAGE MARKETS SMALL BUSINESS SMALL BUSINESS LOANS SMALL BUSINESSES SMALL ENTERPRISES SOURCE OF FUNDS SOURCES OF FUNDS STOCK MARKET TECHNICAL ASSISTANCE TITLE REGISTRATION TREASURY BILLS TURNOVER UNIONS UNIVERSAL BANKS URBAN AREAS URBAN DEVELOPMENT VALUATION VALUATION STANDARDS VULNERABLE GROUPS |
| spellingShingle |
ACCESS TO FINANCE ACCESSIBILITY ACCOUNT HOLDERS ADVISORY SERVICES AFFORDABILITY AFFORDABLE HOUSING AFFORDABLE HOUSING FINANCE ALTERNATIVE INVESTMENT ALTERNATIVE INVESTMENTS AVAILABILITY OF CREDIT BACKED SECURITIES BALANCE SHEETS BANK ASSETS BANK BRANCHES BANK DEPOSITS BANK LENDING BANK LOANS BANKING RELATIONSHIP BANKING SERVICES BANKING SYSTEM BARRIERS TO ENTRY BOND MARKET BORROWER BORROWING BORROWINGS BUSINESS VOLUME CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL MARKET CAPITAL MARKETS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL LENDING COMMUNITY DEVELOPMENT CONSUMER FINANCE CONSUMER PROTECTION CONTRACTUAL SAVINGS COOPERATIVES CORE DEPOSITS CREDIT BUREAUS CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT PROVIDER CREDIT RISK CREDIT SCORING CREDIT-SCORING CUSTOMER BASE DEBT DEBT FINANCING DEBT INSTRUMENTS DEMAND FOR CREDIT DEPOSIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DIRECTED CREDIT DONOR FUNDS EARNINGS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC RESOURCES ELECTRONIC TRANSFER EMPLOYEE EMPLOYER EMPLOYER CONTRIBUTIONS EQUITY INVESTMENTS EXPENDITURE EXPENDITURES FAMILIES FINANCE COMPANIES FINANCIAL ASSETS FINANCIAL DEPTH FINANCIAL GLOBALIZATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL LIBERALIZATION FINANCIAL MARKETS FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR POLICIES FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL RESOURCES FIXED RATE FIXED RATES FLOW OF FUNDS FORECLOSURE FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FORMAL FINANCIAL INTERMEDIARIES FORMAL FINANCIAL SECTOR FUNDING SOURCES GOVERNMENT FUNDING GOVERNMENT INTERVENTIONS GOVERNMENT SECURITIES HIGH INTEREST RATES HOME LOAN HOME LOANS HOME MORTGAGE HOME MORTGAGE CREDIT HOME MORTGAGE LENDING HOME MORTGAGE MARKET HOME MORTGAGE MARKETS HOME MORTGAGES HOMEOWNER HOMEOWNERSHIP HOUSEHOLD ACCESS HOUSEHOLD DEPOSITS HOUSEHOLDS HOUSING FINANCE HOUSING LOAN HOUSING LOANS HUMAN CAPITAL INCOME GROUP INCOME GROUPS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INTEREST RATE INTEREST RATE RISK INTEREST RATE RISKS INTEREST RATES INVESTABLE FUNDS INVESTMENT BANK INVESTMENT RISK LABOR MOBILITY LACK OF PROPERTY LAND REGISTRATION LENDER LENDERS LENDING POLICIES LENDING TECHNIQUES LIQUIDITY RISK LOAN LOAN FUNDS LOAN TERMS LONG-TERM FUNDING MACROECONOMIC POLICY MACROECONOMIC RISKS MARKET DEVELOPMENT MARKET ECONOMIES MICRO FINANCE MICRO FINANCE INSTITUTIONS MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MONETARY POLICY MORTGAGE MORTGAGE CREDIT MORTGAGE FINANCING MORTGAGE LENDERS MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE PRODUCTS MORTGAGE RATE MORTGAGE RATES MORTGAGES MULTINATIONALS NATIONAL BANK NEW MARKET OPERATING COSTS OUTREACH POINT-OF-SALE POLICY ENVIRONMENT POOR ACCESS PRICE MOVEMENTS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE LENDERS PRIVATE SAVINGS PRIVATIZATION PROFITABILITY PROPERTY RIGHTS PUBLIC INVESTMENT REAL ESTATE REFUGEES REGISTRATION SYSTEM REGULATORY FRAMEWORK REPAYMENT REPAYMENTS RETAIL BANK RETURN RISK MANAGEMENT SAVINGS SAVINGS ACCOUNTS SAVINGS BANK SAVINGS RATE SAVINGS RATES SECOND MORTGAGES SECONDARY MORTGAGE MARKET SECONDARY MORTGAGE MARKETS SMALL BUSINESS SMALL BUSINESS LOANS SMALL BUSINESSES SMALL ENTERPRISES SOURCE OF FUNDS SOURCES OF FUNDS STOCK MARKET TECHNICAL ASSISTANCE TITLE REGISTRATION TREASURY BILLS TURNOVER UNIONS UNIVERSAL BANKS URBAN AREAS URBAN DEVELOPMENT VALUATION VALUATION STANDARDS VULNERABLE GROUPS World Bank Housing Finance in Sri Lanka : Opportunities and Challenges |
| geographic_facet |
South Asia Sri Lanka |
| description |
Sri Lanka has embarked on a gradual
transition from a system of directed credit in a highly
segmented market toward an integrated market-driven housing
finance system. This transition has included an increased
role of private universal banks in the immediate term and a
functioning secondary mortgage market in the long term. An
active system of housing finance provides real economic
benefits and positively affects savings, investment, and
household wealth. It provides an investment option for
long-term funds in the economy as an alternative to
investment in treasury bonds. In turn, each dollar invested
in the housing sector catalyzes economic activity in other
sectors, exerting an indirect positive impact on employment
levels, the retirement system, fiscal returns, and
consumption. Housing finance enables households to
accumulate assets that can provide the collateral for their
investment needs, thus stimulating small business. Housing
finance development boosts equitable economic growth and
reduces poverty by improving living conditions, empowering
the middle and lower-income population, and strengthening
communities. Housing policy focuses on improving government
land use and maximizing the use of the existing housing
stock by providing basic public services and upgrades. |
| format |
Economic & Sector Work :: City Development Strategy (CDS) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Housing Finance in Sri Lanka : Opportunities and Challenges |
| title_short |
Housing Finance in Sri Lanka : Opportunities and Challenges |
| title_full |
Housing Finance in Sri Lanka : Opportunities and Challenges |
| title_fullStr |
Housing Finance in Sri Lanka : Opportunities and Challenges |
| title_full_unstemmed |
Housing Finance in Sri Lanka : Opportunities and Challenges |
| title_sort |
housing finance in sri lanka : opportunities and challenges |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/11/16238776/housing-finance-sri-lanka-opportunities-challenges http://hdl.handle.net/10986/8106 |
| _version_ |
1764403788573048832 |
| spelling |
okr-10986-81062021-04-23T14:02:36Z Housing Finance in Sri Lanka : Opportunities and Challenges World Bank ACCESS TO FINANCE ACCESSIBILITY ACCOUNT HOLDERS ADVISORY SERVICES AFFORDABILITY AFFORDABLE HOUSING AFFORDABLE HOUSING FINANCE ALTERNATIVE INVESTMENT ALTERNATIVE INVESTMENTS AVAILABILITY OF CREDIT BACKED SECURITIES BALANCE SHEETS BANK ASSETS BANK BRANCHES BANK DEPOSITS BANK LENDING BANK LOANS BANKING RELATIONSHIP BANKING SERVICES BANKING SYSTEM BARRIERS TO ENTRY BOND MARKET BORROWER BORROWING BORROWINGS BUSINESS VOLUME CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL MARKET CAPITAL MARKETS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMERCIAL LENDING COMMUNITY DEVELOPMENT CONSUMER FINANCE CONSUMER PROTECTION CONTRACTUAL SAVINGS COOPERATIVES CORE DEPOSITS CREDIT BUREAUS CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT PROVIDER CREDIT RISK CREDIT SCORING CREDIT-SCORING CUSTOMER BASE DEBT DEBT FINANCING DEBT INSTRUMENTS DEMAND FOR CREDIT DEPOSIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DIRECTED CREDIT DONOR FUNDS EARNINGS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC RESOURCES ELECTRONIC TRANSFER EMPLOYEE EMPLOYER EMPLOYER CONTRIBUTIONS EQUITY INVESTMENTS EXPENDITURE EXPENDITURES FAMILIES FINANCE COMPANIES FINANCIAL ASSETS FINANCIAL DEPTH FINANCIAL GLOBALIZATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL LIBERALIZATION FINANCIAL MARKETS FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR POLICIES FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL RESOURCES FIXED RATE FIXED RATES FLOW OF FUNDS FORECLOSURE FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FORMAL FINANCIAL INTERMEDIARIES FORMAL FINANCIAL SECTOR FUNDING SOURCES GOVERNMENT FUNDING GOVERNMENT INTERVENTIONS GOVERNMENT SECURITIES HIGH INTEREST RATES HOME LOAN HOME LOANS HOME MORTGAGE HOME MORTGAGE CREDIT HOME MORTGAGE LENDING HOME MORTGAGE MARKET HOME MORTGAGE MARKETS HOME MORTGAGES HOMEOWNER HOMEOWNERSHIP HOUSEHOLD ACCESS HOUSEHOLD DEPOSITS HOUSEHOLDS HOUSING FINANCE HOUSING LOAN HOUSING LOANS HUMAN CAPITAL INCOME GROUP INCOME GROUPS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INTEREST RATE INTEREST RATE RISK INTEREST RATE RISKS INTEREST RATES INVESTABLE FUNDS INVESTMENT BANK INVESTMENT RISK LABOR MOBILITY LACK OF PROPERTY LAND REGISTRATION LENDER LENDERS LENDING POLICIES LENDING TECHNIQUES LIQUIDITY RISK LOAN LOAN FUNDS LOAN TERMS LONG-TERM FUNDING MACROECONOMIC POLICY MACROECONOMIC RISKS MARKET DEVELOPMENT MARKET ECONOMIES MICRO FINANCE MICRO FINANCE INSTITUTIONS MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MONETARY POLICY MORTGAGE MORTGAGE CREDIT MORTGAGE FINANCING MORTGAGE LENDERS MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE PRODUCTS MORTGAGE RATE MORTGAGE RATES MORTGAGES MULTINATIONALS NATIONAL BANK NEW MARKET OPERATING COSTS OUTREACH POINT-OF-SALE POLICY ENVIRONMENT POOR ACCESS PRICE MOVEMENTS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE LENDERS PRIVATE SAVINGS PRIVATIZATION PROFITABILITY PROPERTY RIGHTS PUBLIC INVESTMENT REAL ESTATE REFUGEES REGISTRATION SYSTEM REGULATORY FRAMEWORK REPAYMENT REPAYMENTS RETAIL BANK RETURN RISK MANAGEMENT SAVINGS SAVINGS ACCOUNTS SAVINGS BANK SAVINGS RATE SAVINGS RATES SECOND MORTGAGES SECONDARY MORTGAGE MARKET SECONDARY MORTGAGE MARKETS SMALL BUSINESS SMALL BUSINESS LOANS SMALL BUSINESSES SMALL ENTERPRISES SOURCE OF FUNDS SOURCES OF FUNDS STOCK MARKET TECHNICAL ASSISTANCE TITLE REGISTRATION TREASURY BILLS TURNOVER UNIONS UNIVERSAL BANKS URBAN AREAS URBAN DEVELOPMENT VALUATION VALUATION STANDARDS VULNERABLE GROUPS Sri Lanka has embarked on a gradual transition from a system of directed credit in a highly segmented market toward an integrated market-driven housing finance system. This transition has included an increased role of private universal banks in the immediate term and a functioning secondary mortgage market in the long term. An active system of housing finance provides real economic benefits and positively affects savings, investment, and household wealth. It provides an investment option for long-term funds in the economy as an alternative to investment in treasury bonds. In turn, each dollar invested in the housing sector catalyzes economic activity in other sectors, exerting an indirect positive impact on employment levels, the retirement system, fiscal returns, and consumption. Housing finance enables households to accumulate assets that can provide the collateral for their investment needs, thus stimulating small business. Housing finance development boosts equitable economic growth and reduces poverty by improving living conditions, empowering the middle and lower-income population, and strengthening communities. Housing policy focuses on improving government land use and maximizing the use of the existing housing stock by providing basic public services and upgrades. 2012-06-14T21:08:53Z 2012-06-14T21:08:53Z 2007-11 http://documents.worldbank.org/curated/en/2007/11/16238776/housing-finance-sri-lanka-opportunities-challenges http://hdl.handle.net/10986/8106 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: City Development Strategy (CDS) Economic & Sector Work South Asia Sri Lanka |