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Housing Tenure and Housing Demand in Colombia

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dc.contributor.author Arbeláez, María Angélica en
dc.contributor.author Steiner, Roberto en
dc.contributor.author Becerra, Alejandro en
dc.contributor.author Wills, Daniel en
dc.description.abstract Using the 2003 and 2008 Quality of Life Surveys (QLS) conducted by the National Department of Statistics (DANE), this paper identifies the factors that affect housing tenure decisions in Colombia. Households with higher incomes are more likely to purchase than to rent, and the choice of formal housing is positively associated with wealth. Households eligible for social housing subsidies are more likely to purchase than to rent, and those working in the informal sector are more likely to purchase informal dwellings. Subsidies and access to mortgage credit have a large positive impact on demand. Finally, savings have a positive effect on demand in 2008, but not in 2003. The positive effect on demand of both subsidies and credit is explained by demand for low-income housing. en
dc.subject Housing en
dc.subject Income, Consumption & Saving en
dc.subject Public Administration & Policy Making en
dc.title Housing Tenure and Housing Demand in Colombia en
dc.identifier.jel G21 - Banks ¿ Depository Institutions ¿ Micro Finance Institutions ¿ Mortgages en
dc.identifier.jel O54 - Latin America ¿ Caribbean en
dc.identifier.jel R21 - Housing Demand en
dc.identifier.jel R28 - Government Policy en
dc.identifier.jel R38 - Government Policy en
dc.identifier.jel R58 - Regional Development Planning and Policy en
dc.coverage.placename Colombia en
dc.contributor.other RES-DOCS-USER
dc.date.accessioned 2011-11-23T17:19:02Z
dc.date.available 2011-11-23T17:19:02Z
dc.date.issued 2011-10
dc.identifier.uri http://www.iadb.org/en/publications/publication-detail,7101.html?id=28150
dc.format.extent 53
dc.format.medium ACROBAT
dc.language.iso en
dc.relation.ispartof http://thesaurus.iadb.org/publicthesauri/192695797298624438977803
dc.subject IDB-WP-259, Housing policy, Housing demand, tenure choices, housing market policies, Colombia, quality of life surveys
dc.type Working Papers
lacea.language.supported en
dc.date.modified 2016-12-01T16:53:29Z
dc.description.abstract2 Using the 2003 and 2008 Quality of Life Surveys, this paper identifies the factors that affect housing tenure decisions in Colombia. Households with higher incomes are more likely to purchase than to rent, and the choice of formal housing is positively associated with wealth. Households eligible for social housing subsidies are more likely to purchase than to rent, and those working in the informal sector are more likely to purchase informal dwellings. Subsidies and access to mortgage credit have a large positive impact on demand. Finally, savings have a positive effect on demand in 2008, but not in 2003. The positive effect on demand of both subsidies and credit is explained by demand for low- income housing.


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