Need for Mortgage Finance in Pakistan

People in not even the most richest countries can afford this sort of rise in mortgage payments.

So to expect Pakistan’s heavily stretched borrowers not to default in such circumstances is wishful thinking.

And it is showing in the shape of mortgage NPLs that exceed 14.10% of the total outstanding mortgage portfolios of all banks.

Pakistan’s severe need for housing seen through the mirror of high interest rates. Though the need for mortgage finance in Pakistan is severe.

From the Government to the Financial experts, everybody is keenly aware of the urgent need to focus on the problem of housing in Pakistan.

Principally because of the Rural to Urban migration taking place, but also because when people move into the middle class income groups

They tend to want to switch from rented accommodation to the owned one.

Also read: National Affordable Housing Policy Pakistan