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- Title
Housing Development and Housing Finance in Britain -- some lessons for emerging markets.
- Authors
Boleat, Mark
- Abstract
This article discusses the British housing market as a model for emerging markets. Private sector developers are responsible for almost all new houses in Great Britain. These developers use a combination of internally generated funds and bank loans to fund their activities. The aim of Building Regulations in Britain is to ensure the safety of all construction work, as well as address energy conservation and access to and use of buildings. Apartment ownership through a leasehold basis means that the owner owns a right to occupy or to sub-let the apartment until a certain date, however, the land and the building structure is owned by the freeholder. House selling is usually conducted through estate agents. The Financial Services Authority regulates housing finance as an activity.
- Subjects
UNITED Kingdom; HOUSING market; REAL estate developers; REAL estate development financing; CONSTRUCTION laws; APARTMENTS; LAND tenure; HOUSE selling; FINANCIAL Services Authority (Great Britain)
- Publication
Housing Finance International, 2008, Vol 22, Issue 3, p53
- ISSN
1534-8784
- Publication type
Article