Demand for most kinds of properties over recent years seems to have outstripped increases in supply - prices and rentals across most property classes have generally been moving upwards and vacancy rates downwards. We can attribute much of that strength directly to developments in the broader economy.
The Good Practices are intended to be used primarily as a diagnostic tool to answer the question, “How does a country’s legal and regulatory framework for financial consumer protection compare to international practice?” Our own recent financial turmoil arising from the failure of CLICO, CLICO Investment Bank and the Hindu Credit Union suggests that financial consumer protection, financial literacy and financial education are key priorities for regulators.