Expanding affordable financing schemes, developing public-private partnerships to build housing, and lowering rental rates are three ways to help solve the shortage of affordable housing, Lamudi Philippines said in a report on Tuesday. To address the housing ownership challenge faced by many Filipino families, the online property listing and services firm recommended that action be taken in three areas. “The first step to putting housing within reach is easier finance schemes and lower interest rates especially for the poor and the marginalized,” Lamudi said. Lamudi added, “One major worry is the full risk-based pricing framework that the Fund has recently adopted. Lamudi cited statistics that showed 33 percent of the Philippines’ urban population are renters, while another 17 percent share housing.

Source: Manila Times March 07, 2017 17:03 UTC