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The Crossroad Of Housing Loans Financing - Case Of Albania


  • Iris SHAHINI

    () (Economic University of Tirana, Accounting Department)

  • Orfea DHUCI

    () (Economic University of Tirana, Accounting Department)


The current economic crisis has highlighted that a well-functioning financial system is significantly important for economic growth. This study investigated factors affecting housing finance supply in Albania. Housing Finance is a major factor determining the quality and tenure of housing consumption, the overall financial portfolio of the public and the stability and effectiveness of the financial system (Diamond and Lea 1992a). Struyk and Turner (1986) and Stephens (2000 & 2002) argued that housing finance plays an important role in shaping each country’s wider housing system and the housing system takes important social and economic consequences. Then, it follows that the development of a viable housing finance system is of utmost importance in the developed economies. For a typical house-owner, the house is a major asset in his portfolio and for many household, the purchase of a house represents the largest (and often only) life long investment and a store of wealth (Goodman 1989; Sheppard 1999; Malpezzi

Suggested Citation

  • Iris SHAHINI & Orfea DHUCI, 2013. "The Crossroad Of Housing Loans Financing - Case Of Albania," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 111-123, December.
  • Handle: RePEc:hrs:journl:v:v:y:2013:i:2:p:111-123

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    References listed on IDEAS

    1. Anil K. Kashyap & Raghuram Rajan & Jeremy C. Stein, 2002. "Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit-Taking," Journal of Finance, American Finance Association, vol. 57(1), pages 33-73, February.
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    More about this item


    mortgage lending; house market; non performing loans; retail deposits;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets


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