Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 24/03/1993
Author
Published By housing finance policy in emerging markets
Edited By Saba Bilquis
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Contractual Savings for Housing

This chapter explores the use of contractual saving schemes for housing (CSH) as a way to finance housing. CSH has been historically a central mechanism of raising capital for housing finance. With the broader use of capital markets in developed financial markets today, it has become primarily a complementary financing tool to bank-financed mortgage loans. Yet, CSH has enjoyed renewed growth in recent years, as the product has been exported to Eastern European countries, as well as farther afield, such as to China or India. CSH schemes are also popular in the Middle East and North Africa and parts of Latin America.

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