Housing Finance and Real Estate Markets in Colombia
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary:
Colombian house prices have increased significantly between 2005 and 2016. This 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.
Series:
Working Paper No. 2017/190
Subject:
Credit Financial institutions Housing Housing prices Income Money Mortgages National accounts Prices
English
Publication Date:
August 18, 2017
ISBN/ISSN:
9781484315118/1018-5941
Stock No:
WPIEA2017190
Pages:
18
Please address any questions about this title to publications@imf.org