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Argentina's Housing Market in the 2000s

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  • Cristini, Marcela
  • Moya, Ramiro
  • Bermúdez, Guillermo

Abstract

In the last three decades, the supply of housing in Argentina has not kept pace with demand. This study analyzes the main drivers of Argentina's housing market and relates them to the macroeconomic environment in order to advance a policy agenda for housing policy reform. The demand for housing was calculated and tenure choice was analyzed. Structural characteristics affecting Argentina's housing market include the high concentration of the urban population in a few large metropolitan areas, te 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.

Suggested Citation

  • Cristini, Marcela & Moya, Ramiro & Bermúdez, Guillermo, 2011. "Argentina's Housing Market in the 2000s," IDB Publications (Working Papers) 3421, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:3421
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    References listed on IDEAS

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    Cited by:

    1. Paavo Monkkonen & Lucas Ronconi, 2013. "Land Use Regulations, Compliance and Land Markets in Argentina," Urban Studies, Urban Studies Journal Limited, vol. 50(10), pages 1951-1969, August.

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    More about this item

    Keywords

    Argentina; housing; housing demand; housing deficit; housing finance; tenure choice; mortgage market social housing policy;
    All these keywords.

    JEL classification:

    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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