Rules & rates
3,200 lease-to-own homes: Bank of Maldives' affordable housing push and what it means for buyers
Under a Maldives Monetary Authority rule, every commercial bank must put 10 to 15% of its lending into affordable housing. Bank of Maldives has set up a company to build more than 3,200 lease-to-own homes in Hulhumalé and Villimalé. Who they are for, and what the scheme means for the private market.