Housing%20Markets%20in%20Uruguay%3A%20Determinants%20of%20Housing%20Demand%20and%20its%20Interaction%20with%20Public%20Policies

Working Papers

Housing Markets in Uruguay: Determinants of Housing Demand and its Interaction with Public Policies


CODE: IDB-WP-258
AUTHOR(s): Garabato, Natalia , Ramada-Sarasola, Magdalena
PUBLISHED: October 2011
LANGUAGE: English
RELATED TOPICS: Poverty Reduction and Labor
DOWNLOAD FILE IN: English

Abstract:

This paper analyzes the determinants of housing demand for Uruguay and the extent to which housing policies impact their target population. The paper first analyzes the determinants of housing demand Determinants of formality and ownership choices include both household demographic attributes and access to and use of public housing and other social programs. Policy recommendations are offered on the basis of the finding that a price and income-inelastic formal housing market greatly contrasts with a price and income-elastic informal housing market.

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