Housing Finance and Real Estate Markets in Colombia

August 18, 2017

Preview Citation

Format: Chicago

Francisco Roch. Housing Finance and Real Estate Markets in Colombia, (USA: International Monetary Fund, 2017) accessed December 22, 2024

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.

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

Publication Details

Pages:

18
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2017/190
Stock No:

WPIEA2017190
ISBN:

9781484315118
ISSN:

1018-5941

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