Making housing available through credit does not work: UN expert

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Urban housing

Providing credit to make housing available does not work, according to the United Nations independent expert on adequate Housing.

Raquel Rolnik says that in both developed and developing countries housing is being made a commodity available to everyone through credit.

Ms. Rolnik says that in countries such as the United States and Spain there is sub-prime type of credits and subsidized credit in countries like Chile, South Africa or Brazil.

"We are really living today a housing crisis in developed countries and a housing crisis in less developed countries, which means that with this idea of making more accessible housing as a commodity through credit has not resulted in more security of tenure, in more access to housing for the world's poor."

(Duration: 27")

World Habitat Day is observed on 1st of October to put the spotlight on the issue of adequate housing for all.

Filed under Today's News.
UN Radio Daily News Programme
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