Housing Finance and Real Estate Markets in Colombia
IMF Working Papers, August 18, 2017
Source details
- Canonical URL
- Housing Finance and Real Estate Markets in Colombia
Other formats
Bibliographic details
- Authors: Francisco Roch
- Published: August 18, 2017
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484315118.001
Summary
- Colombian house prices have increased significantly between 2005 and 2016.
- The paper estimates the extent of misalignments in house prices relative to fundamentals and evaluates the overall risk to the economy from the housing sector.
- The results suggest a moderate house price misalignment relative to fundamentals which is, however, mitigated by housing finance characteristics.
Key findings
- Significant increase in house prices between 2005 and 2016.
- Estimated misalignment of house prices relative to fundamentals described as "moderate."
- Mitigating factor: characteristics of housing finance reduce overall risk to the economy from the housing sector.
Subject and keywords
- Subject: Credit, Financial institutions, Housing, Housing prices, Income, Money, Mortgages, National accounts, Prices
- Keywords: Credit, credit growth, Europe, financial stability, house price, Housing, housing finance system, Housing prices, Income, mortgage credit, mortgage interest rates, mortgage market, mortgage markets, Mortgages, price, price index, price misalignment, WP
Content in this bundle
- Housing Finance and Real Estate Markets in Colombia, WP/17/190, August 2017