engleski

Croatia

The results expected from government supported programs and for housing construction types have not been achieved because of several problems. The problems can be briefly summarized as follows: 1. Poor financial infrastructure and in particular, the absence of a secondary mortgage market ; 2. The high cost of state intervention in the housing sector ; 3. The difficulties in getting local governments involved in housing programmes ; 4. Long term planning is difficult in view of the changing political environment ; 5. The effectiveness of government premiums for contract housing savings is questionable. If the saving period is longer then five years, savers have the right to receive subsidies and low interest rates, whether they take out a mortgage loan or not.

housing; mortgage market; housing policy; financing

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