The rising housing gap in Pakistan is a substantiated fact, even if it is overshadowed by other pressing issues facing the country. Estimations based on outdated data suggest the shortage across the country should be between 10-12 million houses. Meanwhile, mortgage financing remains insignificant at less than 0.5 percent of the GDP (CY17: 0.2%; peak CY07: 0.7%). Lack of financing options and the speculative nature of the real estate prices allow only cash-based buyers to purchase property mostly belonging to high-income households. The mid-to-low income ones end up relying on the rental market which is itself undeveloped and under-regulated. To respond to this sobering tale, the SBP recently published its first policy document for the promotion of Lack of financing options in Pakistan. The document is needed, and welcome. Though, it is a pity that shortage numbers quoted by the SBP are taken from a World Bank study on South Asia dating back 2010 and more accurate measures of demand—urban as well as rural—are not available. But the Central Bank, accurately pinpoints some of the major demand/supply side issues in the market including weak foreclosure laws that ultimately lands most disputed cases in the courts, absence of automated land records and registration, and high costs associated with registration as well as acquisition of lands which are not efficiently allocated leading to cost overruns.