Housing shortage reaches 9m units: State Bank: The country is - TopicsExpress

Housing shortage reaches 9m units: State Bank: The country is facing shortage of over 9 million housing units as formal financial sector caters only up to 2 per cent of all housing transactions, the lowest ratio in region. The State Bank’s Quarterly Housing Finance Review, released on Friday, stated that there was shortage of around 8 million housing units in 2009, which has been accumulating by 0.34 million units every year (World Bank, 2009). The report said the informal lending caters up to 10‐12pc of transactions for housing

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