Housing Finance and Real Estate Markets in Colombia

Francisco Roch

No 2017/190, IMF Working Papers from International Monetary Fund

Abstract: Colombian house prices have increased significantly between 2005 and 2016. This paper estimates the extent of misalignments in house prices relative to fundamentals and evaluates the overall risk to the economy from the housing sector. The results suggest a moderate house price misalignment relative to fundamentals which is, however, mitigated by housing finance characteristics.

Keywords: WP; house price; price index; mortgage market; price; price misalignment; financial stability; mortgage markets; credit growth; mortgage credit; housing finance system; mortgage interest rates; Housing prices; Mortgages; Housing; Credit; Income; Europe (search for similar items in EconPapers)
Pages: 18
Date: 2017-08-18
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45176 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2017/190

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().