How to Breathe a New Life Into the Global Mortgage Market? - An Alternative Solution

• Autorzy: Levente Kovacs , Szabolcs Pasztor
• Języki publikacji: EN

Abstrakty

EN

The growing population of the world, the rising standards of living in most of the countries coupled with the COVID-19 related inflation fears has called our attention to the issue of housing. The aim of the paper is to give a brief introduction to the anomalies of the global mortgage markets. After having studied different continents and countries, the most pressing problems are presented, and the study confirms the fact that in general the initial monthly obligations place a huge financial burden on households. This fact limits the room for manoeuvre of the young families when buying a property. With the concept of adjustable net present value of the repayments, a new mortgage market formula is introduced. In general the solution may provide more flexible monthly repayments in present value terms for the borrowers. The new approach could be an alternative to renting properties, it may help young families achieve home ownership and at the same time it may mitigate the problems of the currently rather unhealthy global mortgage market tendencies. (original abstract)

Słowa kluczowe

EN

Housing loan; International credit market; Mortgage credit; Real estate's value

PL

Kredyt mieszkaniowy; Rynek kredytów międzynarodowych; Kredyt hipoteczny; Wartość nieruchomości

• Czasopismo: Journal of International Studies
• Rocznik: 2021
• Tom: 14
• Numer: nr 2
• Strony: 181--193

Twórcy

autor

Levente Kovacs

• University of Miskolc, Hungary

autor

Szabolcs Pasztor

• University of Public Service, Hungary

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Identyfikatory

DOI

10.14254/2071-8330.2021/14-2/12