Urban India has around 3000 urban local bodies (ULBs). The Seventy Fourth Constitutional Amendment Act (1992) has bestowed political power, administrative authority and functional autonomy on local bodies. The functional domain of ULBs now covers planning, regulation and development aspects....

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...

Mortgage termination due to prepayment or default is an important issue in pricing of mortgage and mortgage-backed securities (MBS) due to its stochastic nature. In developing countries where MBS is not yet fully developed, mortgage termination affects the flow of funds to the lenders. Recent...

In the UK, around 55% of householdsí net worth is in housing. More than 70% of households in the UK own a house and holding such a large amount of undiversified real asset poses risk. It is not always that a house would appreciate in value, though a housing investment has been recognised as a...

Households, during their lifecycle, make important decisions regarding their housing consumption. Lifecycle consumption theory suggests that these choices in relation to tenure, size and location of the dwelling unit are made in response to the lifetime wealth maximization by households...

Purpose This paper assesses the lending risks associated with the level of total household indebtedness at the local authority level across the UK. Design/methodology/approach Using GIS-based Exploratory Data Analysis and mapping, the paper identifies local concentrations of household borrowing,...

In the UK over the last twenty years there has been a proliferation in the statutory provision for wayleaves. The utilities requiring wayleaves such as the water, gas and electricity companies have now been joined by cable TV and a host of telecommunications providers. All have access to...

Guidance Note 1 of the Red Book (RICS, 2003) states that the valuation of an operational entity includes four components: the land and buildings; the trade fixtures and fittings; the trading potential, excluding personal goodwill; and the benefit of any transferable licenses and consents. While...

"The paper considers how UK lending institutions price covenant strength risk. At the outset of the research in March 2008, few could have forecast the level of turbulence that was to hit the financial markets in the autumn of 2008 and that by the end of the year the UK would officially be in...