Tiwari, Piyush; Deutsch, Edwin; Moriizumi, Yoko - European Real Estate Society - ERES - 2005
Initial downpayment for home ownership could prove to be a binding constraint for households aspiring to be homeowners. Households in Japan require 30 to 45% of the house value as downpayment. This not only affects their decision on the timing of homeownership but also has significant influence...