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Two Bedrooms, Two Bathrooms, and a Big Yard? Housing Demand in Latin America and the Caribbean

In: Room for Development

Author

Listed:
  • César Patricio Bouillon
  • Viviane Azevedo
  • Nadin Medellín
  • Cynthia Boruchowicz

Abstract

Demand is usually defined as the “willingness and ability to purchase a commodity or service at a specific price and time” (Merriam-Webster.com). The concept of demand encompasses the desire to own a good, and the ability and willingness to pay for it at a given point in time. Demand for housing is no different. This chapter focuses on the forces driving housing demand in the Latin American and Caribbean region. Where will housing demand be the strongest in the future? Should poli-cymakers keep worrying about the continued strong growth of inega and capital cities? What factors influence households’ preferences for certain types of housing, and what factors constrain these households in making their housing choices?

Suggested Citation

  • César Patricio Bouillon & Viviane Azevedo & Nadin Medellín & Cynthia Boruchowicz, 2012. "Two Bedrooms, Two Bathrooms, and a Big Yard? Housing Demand in Latin America and the Caribbean," Palgrave Macmillan Books, in: César Patricio Bouillon (ed.), Room for Development, chapter 3, pages 51-85, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-03146-4_4
    DOI: 10.1057/9781137031464_4
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    Cited by:

    1. Laura Jaitman, 2015. "Urban infrastructure in Latin America and the Caribbean: public policy priorities," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 24(1), pages 1-57, December.

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