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Housing and Mortgage Market Policies in Chile

Jaime Alvayay and Arthur Schwartz

Journal of Real Estate Literature, 1997, vol. 5, issue 1, 46-55

Abstract: This study provides a survey of the housing and mortgage market policies applied between 1976 and 1994 in Chile. These policies are implemented within the framework of a free-market economy in which the state plays a subsidiary role in the economic affairs of the nation. Of particular importance to the housing sector have heen the elimination of interest rate and rent controls, the elimination of a specialized housing finance system, and the consistent application of an indexation scheme that preserves the real value of monetary contracts and that allows investors the recovery of their funds with a competitive real return.

Date: 1997
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DOI: 10.1080/10835547.1997.12090060

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