Markopoulos, E;
Dubois, J;
(2021)
A Fintech Approach Towards Resolving the Young Adult Home Ownership Challenge.
In:
Advances in Creativity, Innovation, Entrepreneurship and Communication of Design.
(pp. pp. 268-274).
Springer Nature
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Abstract
Housing prices globally remain very expensive for young adults while financial instruments to obtain them become more complicated, demanding, and discouraging, especially in the modern post global financial crisis (2007–2017). The way people acquire homes haven’t change over the last 100 years, maintaining the three classic and dominant alternatives which is either thorough mortgages, cash payments, or combination of these. Young adults have been underserved by financial institutions and their products have not yet met young adults’ conditions. This research has been directed to utilize today’s technology and contribute with innovative financing solutions that can addresses the young adults’ needs. The proposed Fintech approach presents the architecture of a technology-based platform whereby Co-sharing agreements between real estate developers and young adults can be created. Such agreements can be integrated into the financial institutions processes to efficiently address and serve this significant target group by delivering creative innovative financing alternatives.
| Type: | Proceedings paper |
|---|---|
| Title: | A Fintech Approach Towards Resolving the Young Adult Home Ownership Challenge |
| Event: | International Conference on Applied Human Factors and Ergonomics |
| ISBN-13: | 978-3-030-80093-2 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1007/978-3-030-80094-9_32 |
| Publisher version: | https://doi.org/10.1007/978-3-030-80094-9_32 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions. |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management UCL > Provost and Vice Provost Offices > UCL BEAMS UCL |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10153251 |
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