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La vivienda en Colombia: sus determinantes socioeconómicos y financieros

Author

Listed:
  • Clavijo Sergio

    ()

  • Michel Janna

    ()

  • Santiago Muñoz

Abstract

El objetivo de este documento es proporcionar una visión de conjunto del mercado hipotecario en Colombia y su relación con los principales determinantes que se encuentran en el ámbito internacional. Nuestras recomendaciones apuntan a examinar la cadena productiva y a obtener un mejor entendimiento de las estadísticas vitales" del sector vivienda y su relación con las condiciones crediticias. También se presenta un modelo simultáneo tendente a explicar los ciclos de precios hipotecarios en Colombia durante el período 1990-2003. Por el lado de la demanda, se encontró que el metraje construido es bastante elástico al ingreso laboral de los hogares y al precio de la vivienda nueva, así como a la tasa de interés real. Por el lado de la oferta, se observó una elasticidad alta en los costos de construcción y un efecto riqueza moderado. Estos resultados son sólidos a diferentes tipos de estimación."

Suggested Citation

  • Clavijo Sergio & Michel Janna & Santiago Muñoz, 2005. "La vivienda en Colombia: sus determinantes socioeconómicos y financieros," REVISTA DESARROLLO Y SOCIEDAD, UNIVERSIDAD DE LOS ANDES-CEDE, March.
  • Handle: RePEc:col:000090:003100
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    File URL: http://economia.uniandes.edu.co/revistadys/Articulo55_3.pdf
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    References listed on IDEAS

    as
    1. Muellbauer, John & Murphy, Anthony, 1997. "Booms and Busts in the UK Housing Market," Economic Journal, Royal Economic Society, vol. 107(445), pages 1701-1727, November.
    2. Alejandro GAVIRIA URIBE, 2004. "Del romanticismo al realismo social: Lecciones de la década de 1990," ARCHIVOS DE ECONOMÍA 002263, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
    3. Mauricio Cardenas & Alejandro Badel, 2003. "La crisis de financiamiento hipotecario en Colombia: Causas y consecuencias," Research Department Publications 4355, Inter-American Development Bank, Research Department.
    4. Caplin, Andrew & Freeman, Charles & Tracy, Joseph, 1997. "Collateral Damage: Refinancing Constraints and Regional Recessions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(4), pages 496-516, November.
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    Cited by:

    1. Sierra S, Lya Paola & Peláez S, José Tomás & Ahcar O, Jaime Rafael, 2010. "The building sector in Cali (Colombia): An economic review to its recent evolution and major determinants," PERFIL DE COYUNTURA ECONÓMICA, UNIVERSIDAD DE ANTIOQUIA - CIE, July.
    2. Gustavo Adolfo HERNANDEZ DIAZ & Gabriel PIRAQUIVE GALEANO, 2014. "Evolución de los precios de la vivienda en Colombia," ARCHIVOS DE ECONOMÍA 011208, DEPARTAMENTO NACIONAL DE PLANEACIÓN.

    More about this item

    Keywords

    mercados financieros; hipotecas; demanda por vivienda;

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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