Two Bedrooms, Two Bathrooms, and a Big Yard? Housing Demand in Latin America and the Caribbean

Cesar Patricio Bouillon (), Viviane Azevedo, Nadin Medellín and Cynthia Boruchowicz

Chapter 3 in Room for Development, 2012, pp 51-85 from Palgrave Macmillan

Abstract: Abstract Demand is usually defined as the “willingness and ability to purchase a commodity or service at a specific price and time” (Merriam-Webster.com). The concept of demand encompasses the desire to own a good, and the ability and willingness to pay for it at a given point in time. Demand for housing is no different. This chapter focuses on the forces driving housing demand in the Latin American and Caribbean region. Where will housing demand be the strongest in the future? Should poli-cymakers keep worrying about the continued strong growth of inega and capital cities? What factors influence households’ preferences for certain types of housing, and what factors constrain these households in making their housing choices?

Keywords: Interest Rate; Gross Domestic Product; Housing Price; Housing Market; Real Interest Rate (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-03146-4_4

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DOI: 10.1057/9781137031464_4

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