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Rental Housing Wanted: Options for Expanding Housing Policy

Author

Listed:
  • Blanco Blanco, Andrés
  • Fretes Cibils, Vicente
  • Muñoz Miranda, Andrés
  • Gilbert, Alan
  • Webb, Steven
  • Reese, Eduardo
  • Almansi, Florencia
  • Del Valle, Julieta
  • Pasternak, Suzana
  • Brain, Isabel
  • Mora, Pía
  • Sabatini, Francisco
  • Torres Ramírez, Jorge Enrique
  • Vance, Irene
  • McHardy, Pauline
  • Salazar, Clara
  • Puebla, Claudia
  • Ponce, Gabriela
  • Flores, René
  • Calderón Cockburn, Julio
  • Chiavone, Irene
  • Macellaro, Miguel
  • Silvera, Adriana
  • Kim, Jeongseob

Abstract

This book highlights the importance of renting and its potential to help solve the most pressing housing problems in Latin America and the Caribbean. Currently, 1 in 5 households in the region rent their homes, a trend which is most prevalent among the fastest-growing segments of the population, such as young people, single-person households and divorced people. This alternative can therefore help satisfy demand preferences and create greater residential mobility. Also, the quality of rented property is often similar to that of formal homes, even for households in the lowest income quintiles, proving it is an efficient and cost-effective alternative for resolving the qualitative and quantitative housing deficits in the region, suggesting that housing policies linked to better planning and improved territorial organization can lead to more dense, compact cities. For these reasons, the rental market may become a key instrument to compliment the region's housing policy.

Suggested Citation

  • Blanco Blanco, Andrés & Fretes Cibils, Vicente & Muñoz Miranda, Andrés & Gilbert, Alan & Webb, Steven & Reese, Eduardo & Almansi, Florencia & Del Valle, Julieta & Pasternak, Suzana & Brain, Isabel & M, 2014. "Rental Housing Wanted: Options for Expanding Housing Policy," IDB Publications (Books), Inter-American Development Bank, number 6730, November.
    • Handle: RePEc:idb:idbbks:6730
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    References listed on IDEAS

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    Cited by:

    1. Depetris-Chauvin, Emilio & Santos, Rafael J., 2018. "Unexpected guests: The impact of internal displacement inflows on rental prices in Colombian host cities," Journal of Development Economics, Elsevier, vol. 134(C), pages 289-309.

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    Keywords

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    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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