Congresses III Congress
III Congress
III CONGRESS ON HOUSING FINANCE IN THE CENTRAL AND EASTERN EUROPEAN COUNTRIES November 30 – December 1, 2006
Summary
The way of financing mortgage credits resulting from the strategy of individual banks has the determined influence on the diversity of the mortgage credits and their prices. Initiatives aiming at integration of primary markets of mortgage credits have the influence on the diversity and prices of credit offered on these markets. However initiatives aiming at integration of the secondary mortgage market have the influence on the availability of this credit on the primary market.
In Central-European countries should be generally believed that integration of mortgage markets can influence on the improvement their effectiveness. Increasing effectiveness is connected with increasing the flow of finance credit markets and the diversification of the risk. Increasing the effectiveness means also lower costs of mortgage credits for customers in whole Europe. It is possible to reach it through the cost cutting and the improvement in administering capital.