Optimal housing consumer model: estimates for Bogotá
This article presents a brief review of the housing sector in Bogota, noting that the policy has focused primarily on boosting demand by granting subsidies and access to mortgage credit. The recent market evolution suggests that the policy made no guarantees for an optimal housing consumption. In th...
Autores Principales: | , |
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Formato: | Artículo (Article) |
Lenguaje: | Español (Spanish) |
Publicado: |
Universidad Militar Nueva Granada
2016
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Materias: | |
Acceso en línea: | http://hdl.handle.net/10654/33989 |
Sumario: | This article presents a brief review of the housing sector in Bogota, noting that the policy has focused primarily on boosting demand by granting subsidies and access to mortgage credit. The recent market evolution suggests that the policy made no guarantees for an optimal housing consumption. In this sense, a demand of optimal values theoretical model is proposed and the empirical estimation of these values from an Affordability Survey data held in Bogota in 2005. The results show significant gaps between strata and They suggest that funding levels required for a demand policy may be excessively high. The relevance of a policy that is not necessarily focused on the purchase of housing, but is oriented to the efficient use of the current supply is thus justified. |
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