Housing and Mortgage Market Policies in Chile

Type Journal Article - Journal of Real Estate Literature
Title Housing and Mortgage Market Policies in Chile
Author(s)
Volume 5
Issue 1
Publication (Day/Month/Year) 1997
Page numbers 47-55
URL http://link.springer.com/article/10.1023/A:1008605721528
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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