Precio de fundamentos para las viviendas en Uruguay

Jorge Ponce

No 2012017, Documentos de trabajo from Banco Central del Uruguay

Abstract: This paper proposes a model of fundamentals for the price of housing. The model is calibrated with data for Uruguay. The main findings are that real housing prices fluctuate more that justified by fundamentals, that a fall in fundamental prices anticipate the crisis of the year 2002, and that in the recent period fundamental prices follow a stable trend of positive growth while real housing prices fluctuates around it.

Keywords: Housing price; model of fundamentals; financial stability; Uruguay; Precio de viviendas; modelo de fundamentos; estabilidad financiera; Uruguay (search for similar items in EconPapers)
JEL-codes: G28 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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