Cover IMF Working Papers
Housing Finance and Real Estate Markets in Colombia
Author: Mr. Francisco Roch
Series:
IMF Working Papers
Volume/Issue:
Volume 2017: Issue 190
Language:
English
Publication Date:
18 Aug 2017
DOI:
https://doi.org/10.5089/9781484315118.001
ISBN:
9781484315118
ISSN:
1018-5941
Pages:
18
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
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund