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Housing and Mortgage Market Policies in Chile

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Journal of Real Estate Literature

Abstract

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.

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Authors and Affiliations

  1. School of Business Administration, California State University, Sacramento, Sacramento, CA, 95819-6088

    Jaime R. Alvayay

  2. Department of Finance, College of Business Administation, University of South Florida, St. Petersburg, FL, 33701-5016

    Arthur L. Schwartz

Authors
  1. Jaime R. Alvayay
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  2. Arthur L. Schwartz
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Alvayay, J.R., Schwartz, A.L. Housing and Mortgage Market Policies in Chile. Journal of Real Estate Literature 5, 47–55 (1997). https://doi.org/10.1023/A:1008605721528

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  • DOI: https://doi.org/10.1023/A:1008605721528

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