Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure x
  • Housing Supply and Markets x
  • Earth Sciences, Geography, Environment x
  • Western Hemisphere x
  • Real Estate Markets, Spatial Production Analysis, and Firm Location: General x
  • General Economics: General x
Clear All Modify Search
Cover IMF Working Papers
Guyana: Housing Market and Implications for Macroprudential Policies
Mr. Julian T Chow
Guyana’s residential real estate prices have been rising, particularly in the capital city Georgetown, following the discovery of oil in 2015. In line with the growing demand for housing, commercial banks’ housing loans have increased, prompting higher household debt. This paper presents two analyses which suggest that housing prices in Georgetown and banks’ lending to the housing sector appear to be in their early stages of growth. However, given the data limitations and caveats that underpin the analyses, the findings could also indicate early signals of possible risks. Further data collection would support surveillance and deeper studies. At the same time, enhancing prudential measures would help safeguard financial and macroeconomic stability. These include strengthening the monitoring of the housing market, bank lending practices and household debt, as well as fortifying the macroprudential framework, including with more effective toolkits for early intervention.
Keywords:
WP; housing market; mortgage; lending; consumer price index; housing loan; Guyana; macroprudential policies; macroeco-financial stability; lending practice; sector risk; mortgage lending; housing Index; softening housing market; Housing prices; Housing; Real estate prices; Mortgages; Loans