Mortgage housing lending in Latin America and the Caribbean
https://doi.org/10.22394/2079-1690-2023-1-1-105-112
Abstract
The article is devoted to the consideration of the development of mortgage housing lending in Latin America. The structure of the mortgage lending market and the stages of its development are considered. The article highlights the characteristic features of the situation on the mortgage lending market in Latin America and the Caribbean: the affordable real estate market is actually scarce, not keeping up with population growth; credit instruments are not available to the majority of the population due to the extremely low income level; the construction of private houses, as well as the purchase of readymade housing, is too expensive; climatic and demographic conditions force the population to look for alternative housing options (mobile homes, favelas, etc.), which further complicates the situation in the social sphere and specifically in the housing issue.
About the Author
S. A. Litvinova
South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
Svetlana A. Litvinova – Candidate of Economic Sciences, Dean of the Faculty of Management, Associate Professor of the Department of Taxation and Accounting, Associate Professor of the Department of Public and Municipal Administration
Rostov-on-Don
References
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Review
For citations:
Litvinova S.A. Mortgage housing lending in Latin America and the Caribbean. State and municipal management. Scholar notes. 2023;(1):105-112. (In Russ.) https://doi.org/10.22394/2079-1690-2023-1-1-105-112
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