Ideas%20for%20Development%20in%20the%20Americas%2C%20Volume%204%3A%20Housing%20Finance%20in%20Latin%20America%3A%20Time%20to%20Build%20a%20Better%20Market

Newsletter / Journal

Ideas for Development in the Americas, Volume 4: Housing Finance in Latin America: Time to Build a Better Market


CODE: IDEA-04
EDITOR(s): Funaro, Rita
PUBLISHED: July 2005
LANGUAGE: English
RELATED TOPICS: Finance
DOWNLOAD FILE IN: English Spanish

Abstract:

The average value of a residential dwelling owned by a typical Latin American family is worth close to six years of that family's total income. However, les than one-fourth of all housing in Latin America is financed through formal mechanisms, and housing mortgage credit accounts for only a small fraction of total credit. Why hasn't the housing mortgage industry developed properly in Latin America? This issue of IDEA takes a closer look at the problems in the housing finance market, reviews the efforts that have been made in the past, and offers some policy suggestions for the future.

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