The demand for mortgages under macrovolatility: The Argentine case
This paper analyzes mortgage loan demand in Argentina using a new survey administered in the Buenos Aires Metropolitan Area. It is found that recurring macro volatility and violation of financial property rights have increased demand for real estate as an investment, which in turn raises house price...
Guardado en:
| Autores principales: | , , |
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| Formato: | Articulo Documento de trabajo |
| Lenguaje: | Inglés |
| Publicado: |
2012
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| Materias: | |
| Acceso en línea: | http://sedici.unlp.edu.ar/handle/10915/45899 http://www.depeco.econo.unlp.edu.ar/doctrab/doc91.pdf |
| Aporte de: |
| id |
I19-R120-10915-45899 |
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| record_format |
dspace |
| institution |
Universidad Nacional de La Plata |
| institution_str |
I-19 |
| repository_str |
R-120 |
| collection |
SEDICI (UNLP) |
| language |
Inglés |
| topic |
Ciencias Económicas housing mortgage market macrovolatility Argentina JEL: G21, R21, R31 hipoteca economía |
| spellingShingle |
Ciencias Económicas housing mortgage market macrovolatility Argentina JEL: G21, R21, R31 hipoteca economía Auguste, Sebastián Bebczuk, Ricardo Néstor Moya, Ramiro The demand for mortgages under macrovolatility: The Argentine case |
| topic_facet |
Ciencias Económicas housing mortgage market macrovolatility Argentina JEL: G21, R21, R31 hipoteca economía |
| description |
This paper analyzes mortgage loan demand in Argentina using a new survey administered in the Buenos Aires Metropolitan Area. It is found that recurring macro volatility and violation of financial property rights have increased demand for real estate as an investment, which in turn raises house prices and makes it more difficult for consumer households to meet minimum income requirements for obtaining a mortgage. Affordability thus seems to offer a better explanation than standard supply side constraints for the small size of the mortgage market in Argentina. Overall, the findings suggest that the shallow mortgage market has not posed a major impediment to home ownership rate in Argentina and that the small (and shrinking) mortgage market has more to do with lack of demand than credit supply constraint. |
| format |
Articulo Documento de trabajo |
| author |
Auguste, Sebastián Bebczuk, Ricardo Néstor Moya, Ramiro |
| author_facet |
Auguste, Sebastián Bebczuk, Ricardo Néstor Moya, Ramiro |
| author_sort |
Auguste, Sebastián |
| title |
The demand for mortgages under macrovolatility: The Argentine case |
| title_short |
The demand for mortgages under macrovolatility: The Argentine case |
| title_full |
The demand for mortgages under macrovolatility: The Argentine case |
| title_fullStr |
The demand for mortgages under macrovolatility: The Argentine case |
| title_full_unstemmed |
The demand for mortgages under macrovolatility: The Argentine case |
| title_sort |
demand for mortgages under macrovolatility: the argentine case |
| publishDate |
2012 |
| url |
http://sedici.unlp.edu.ar/handle/10915/45899 http://www.depeco.econo.unlp.edu.ar/doctrab/doc91.pdf |
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Repositorios |
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