Argentina%60s%20Housing%20Market%20in%20the%202000s

Working Papers

Argentina`s Housing Market in the 2000s


CODE: IDB-WP-262
AUTHOR(s): Bermudez, Guillermo , Cristini, Marcela , Moya, Ramiro
PUBLISHED: September 2011
LANGUAGE: English
RELATED TOPICS: Microeconomics
DOWNLOAD FILE IN: English

Abstract:

This study analyzes the main drivers of Argentina’s housing market, including demand and tenure choice, and relates them to the macroeconomic environment in order to advance a policy agenda for housing policy reform. Structural characteristics of the market include the high concentration of the urban population in a few large cities, the association of urban poverty with the housing deficit, and overcrowding. The mortgage market lost its appeal following the 2001-02 crisis due to widespread breaches of contract legitimized through protective legislation (still in place), insufficient long-term financing, and high inflation. The housing deficit could be eliminated in five to eight years if well-coordinated policy initiatives to develop the mortgage market and provide low-income housing were adopted under a decentralized, demand-driven, subsidized program.

Related Research by JEL Codes:
(or click here to find research by JEL Codes)
  • Tacit Collusion in the Santiago Housing Market
    Working Papers
    IDB-WP-260 - July 2011

    This paper tests the extent of competition in the housing market in Santiago, Chile using a two-step methodology. In the first step, using a hedonic price model, the Santiago housing market is divided into sub-markets, which are analyzed separately. The second step is the tacit collusion test itself, which compares the industry markup with the business cycle in each sub-market using panel data reg ... (View publication)

  • Housing Demand in Brazil: Evidence from the Formal and Informal Sectors
    Working Papers
    IDB-WP-261 - October 2011

    This paper describes the determinants of housing demand in Brazil, with the intention of informing policy aimed at reducing the housing deficit and increasing home ownership. As price elasticity for renters is slightly higher, public policies that aim to influence the price of dwellings and/or the income of households are expected to affect renters more than owners. Given that rent is a pro-cyclic ... (View publication)

  • Housing Tenure and Housing Demand in Colombia
    Working Papers
    IDB-WP-259 - October 2011

    Using the 2003 and 2008 Quality of Life Surveys, this paper identifies the factors that affect housing tenure decisions in Colombia. Households with higher incomes are more likely to purchase than to rent, and the choice of formal housing is positively associated with wealth. Households eligible for social housing subsidies are more likely to purchase than to rent, and those working in the informa ... (View publication)

Hello, Welcome to the IDB!

Please join our mailing list by simply entering your email below.