Housing and Mortgage Market Policies in Chile

Journal of Real Estate Literature - Tập 5 - Trang 47-55 - 1997
Jaime R. Alvayay1, Arthur L. Schwartz2
1School of Business Administration, California State University, Sacramento, Sacramento
2Department of Finance, College of Business Administation, University of South Florida, St. Petersburg

Tóm tắt

This study provides a survey of the housing and mortgage market policies applied between 1976 and 1994 in Chile. These policies are implemented within the framework of a free-market economy in which the state plays a subsidiary role in the economic affairs of the nation. Of particular importance to the housing sector have been the elimination of interest rate and rent controls, the elimination of a specialized housing finance system, and the consistent application of an indexation scheme that preserves the real value of monetary contracts and that allows investors the recovery of their funds with a competitive real return.

Tài liệu tham khảo

Aninat, Eduardo, Minister of Finance. (1995). Hacia donde va la Economia Chilena? Encuentro Nacional de la Empresa, Santiago, Chile. Araya, Pablo. (1992). Esquemas de Indización Tradicionales en el Sector de la Vivienda: El Caso de Chile. IV Seminario de CELEH Sobre Financiamiento Habitacional e Indización, Guayaquil. CIA. (1995). World Facts. http://www.odci.gov/cia/publications/95fact/ci.html. Diaz, J. S. (1995). Chile en Datos. Santiago: Editorial Los Andes. Instituto Nacional de Estadisticas. (1993). Informe Demografico de Chile: Segun Resultados del Censo 1992. Santiago: Valgraf. Lira, Ricardo. (1994). Pension Funds and Housing Finance in Chile: A Question of Social Efficiency. Journal of Housing Research 2(2), 229–245. Mendez, J. C. (ed). (1979). Chilean Economic Policy. Santiago: Imprenta Calderon. Ministerio de la Vivienda y Urbanismo. (1993). El Sistema Financiero Habitacional en Chile. Monografía No. 281. Santiago. Ministerio de la Vivienda y Urbanismo. (1992-1995). Memorias Anuales. Santiago. Superintendencia de Bancos e Instituciones Financieras. (1993-1995). Información Financiera. Santiago.