Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89001
Authors: 
Cristini, Marcela
Moya, Ramiro
Bermudez, Guillermo
Year of Publication: 
2011
Series/Report no.: 
IDB Working Paper Series IDB-WP-262
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, 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.
JEL: 
O54
R21
R23
R28
R30
R31
R38
R58
Document Type: 
Working Paper

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