IDEAS home Printed from https://ideas.repec.org/p/idb/wpaper/4748.html
   My bibliography  Save this paper

Housing Finance in Peru: What is Holding it Back?

Author

Listed:
  • Miguel Palomino Bonilla
  • Rudy Wong Barrantes

Abstract

Housing for most Peruvians is improving but is still grossly inadequate. Nonetheless, public housing finance policies mainly involve programs that subsidize middle-income families and banks that lend to them. Research summarized in this paper indicates that financing will not be the main obstacle to improving housing conditions in Peru and that public sector efforts would be better aimed at dealing with issues where significant externalities and institutional restrictions limit market development. Thus, public sector efforts and funds could temporarily support the development of: i) cheaper construction techniques and materials, ii) lower-cost credit technologies for low-income housing credits and iii) increasing the availability of adequately enabled land for large-scale low- income housing projects.

Suggested Citation

  • Miguel Palomino Bonilla & Rudy Wong Barrantes, 2011. "Housing Finance in Peru: What is Holding it Back?," Research Department Publications 4748, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4748
    as

    Download full text from publisher

    File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=36520151
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zvi Hercowitz & Jeffrey C. Campbell, 2005. "The Role of Collateralized Household Debt in Macroeconomic Stabilization," 2005 Meeting Papers 120, Society for Economic Dynamics.
    2. Bank for International Settlements, 2006. "Housing finance in the global financial market," CGFS Papers, Bank for International Settlements, number 26, december.
    3. Alcazar, Rafael, 2009. "Mecanismos alternativos para el financiamiento hipotecario en el Perú," Revista Moneda, Banco Central de Reserva del Perú, issue 140, pages 32-35.
    4. Warnock, Veronica Cacdac & Warnock, Francis E., 2008. "Markets and housing finance," Journal of Housing Economics, Elsevier, vol. 17(3), pages 239-251, September.
    5. Morris, Felipe, 2009. "Las alternativas para el financiamiento hipotecario en el Perú," Revista Moneda, Banco Central de Reserva del Perú, issue 140, pages 27-31.
    6. Fernando A. Broner & Alberto Martin & Jaume Ventura, 2008. "Enforcement Problems and Secondary Markets," Journal of the European Economic Association, MIT Press, vol. 6(2-3), pages 683-694, 04-05.
    7. Judy L. Baker, 2000. "Evaluating the Impact of Development Projects on Poverty : A Handbook for Practitioners," World Bank Publications - Books, The World Bank Group, number 13949.
    8. Shahidur R. Khandker & Gayatri B. Koolwal & Hussain A. Samad, . "Handbook on Impact Evaluation : Quantitative Methods and Practices," World Bank Publications, The World Bank, number 2693, September.
    9. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    10. Barco, Daniel & Iberico, Jorge & Medina, Andres, 2009. "Situación del crédito hipotecario en el Perú," Revista Moneda, Banco Central de Reserva del Perú, issue 140, pages 7-13.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ngulube, James, 2017. "An economic evaluation of the Cotton Yield Programme in Zambia," Research Theses 276440, Collaborative Masters Program in Agricultural and Applied Economics.
    2. Ashimwe, Olive, 2016. "An Economic Analysis Of Impact Of Weather Index-Based Crop Insurance On Household Income In Huye District Of Rwanda," Research Theses 265675, Collaborative Masters Program in Agricultural and Applied Economics.
    3. Thi Minh Chi Nguyen & Li-Hsien Chien & Shwu-En Chen, 2015. "Impact of certification system on smallhold coffee farms` income distribution in Vietnam," Asian Journal of Agriculture and rural Development, Asian Economic and Social Society, vol. 5(6), pages 137-149, June.
    4. Jamshed Uppal, 2021. "Developing Housing Finance in Pakistan – Challenges and Opportunities," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 26(1), pages 31-56, Jan-June.
    5. Bravo-Ureta, Boris E. & Higgins, Daniel & Arslan, Aslihan, 2020. "Irrigation infrastructure and farm productivity in the Philippines: A stochastic Meta-Frontier analysis," World Development, Elsevier, vol. 135(C).
    6. Baulch, Bob, 2010. "The medium-term impact of the primary education stipend in rural Bangladesh," IFPRI discussion papers 976, International Food Policy Research Institute (IFPRI).
    7. Nguyen, Quoc Hung, 2013. "Housing investment: What makes it so volatile? Theory and evidence from OECD countries," Journal of Housing Economics, Elsevier, vol. 22(3), pages 163-178.
    8. Aizenman, Joshua & Jinjarak, Yothin, 2009. "Current account patterns and national real estate markets," Journal of Urban Economics, Elsevier, vol. 66(2), pages 75-89, September.
    9. Carrillo-Huerta, Mario M., 2014. "Política social para el avance de la educación : una evaluación del programa de estímulos Prepa Sí del Distrito Federal," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(18), pages 33-56, primer se.
    10. Fentahun Addis & Surafel Melak & Berihun Tefera & Habtemariam Kassa, 2017. "Impacts of Smallholder Tree Plantation in Amhara Region of Ethiopia: The Case of Lay Gayint and Fagta Locuma Districts," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 25(1), March.
    11. Yi Luo & Dong Huang & Haimin Miao & Laping Wu & Junfeng Zhu, 2022. "Impact of advanced storage facilities on households’ maize storage losses and food security in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 221-237, January.
    12. Sinyolo, Sikhulumile & Mudhara, Maxwell & Wale, Edilegnaw, 2016. "To what extent does dependence on social grants affect smallholder farmers’ incentives to farm? Evidence from KwaZulu-Natal, South Africa," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 11(2), pages 1-12.
    13. Mario Cuevas & Sigfrido Lee & Maria Isabel Bonilla, 2011. "The Missing Foundations of Housing Finance: Incomplete Markets, Fragmented Policies and Emerging Solutions in Guatemala," Research Department Publications 4750, Inter-American Development Bank, Research Department.
    14. Ricardo Bebczuk & Maria Lorena Garegnani, 2012. "Real State as Housing and as Financial Investment: A First Assessment for Argentina," Department of Economics, Working Papers 095, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    15. Eunji Choi & Jonghoon Park & Seongwoo Lee, 2020. "The Effect of the Comprehensive Rural Village Development Program on Farm Income in South Korea," Sustainability, MDPI, vol. 12(17), pages 1-23, August.
    16. Francis E Warnock & Veronica Cacdac Warnock, 2012. "Developing Housing Finance Systems," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Frank Packer & Callan Windsor (ed.),Property Markets and Financial Stability, Reserve Bank of Australia.
    17. International Monetary Fund, 2007. "Republic of Korea: Selected Issues," IMF Staff Country Reports 2007/345, International Monetary Fund.
    18. González-Flores, Mario & Bravo-Ureta, Boris E. & Solís, Daniel & Winters, Paul, 2014. "The impact of high value markets on smallholder productivity in the Ecuadorean Sierra: A Stochastic Production Frontier approach correcting for selectivity bias," Food Policy, Elsevier, vol. 44(C), pages 237-247.
    19. Carrillo-Huerta Mario M., 2015. "Una evaluación de impacto del programa educación garantizada de la ciudad de México," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(20), pages 47-80, primer se.
    20. Lebeta, Temesgen Hirko, 2017. "Participation In And Impact Of Small-Scale Irrigation Practice On Household Income: The Case Of Abay Chomen District Of Oromia National Regional State, Ethiopia," Research Theses 276456, Collaborative Masters Program in Agricultural and Applied Economics.

    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • 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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idb:wpaper:4748. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Felipe Herrera Library (email available below). General contact details of provider: https://edirc.repec.org/data/iadbbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.