Demand for Mortgages in the Ramalah and Bireh Area: An Assessment
Finished Projects
2008
This Project Was Funded By CHF
A survey regarding a project under discussion and planning, it’s goal being solving the problem of residence through the idea of mortgage, where a housing project will be built in the Ramallah area, and there will be a monthly commitment to pay installements until full ownership of the estate through 20-25 years. Such projects will be three story buildings, with each story consisting of 2 flats of 100-160 meter squared. In that context, the survey interviewed 1000 families in rural, and urban areas of Ramallah and el Bireh, and they were asked regarding the following issues:
- Household demographic indicators (household size, ages, type of household, locality, education levels, etc)
- The extent of need for housing
- Types of housing units needed
- Use/ knowledge of credit and mortgage services
- Past experiences with mortgage
- Interest in mortgaging opportunities
- Income data
- Capacity to pay
- Concerns regarding the risks involved with mortgage
- Views on mortgage (particularly given the unstable political situation)
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