Piza, Caio; Litchfield, Julie; Balderrama, Fernando - Inter-American Development Bank - 2011
This paper describes the determinants of housing demand in Brazil, with the intention of informing policy aimed at … reducing the housing deficit and increasing home ownership. As price elasticity for renters is slightly higher, public policies … owners. Given that rent is a pro-cyclical variable and that housing-price supply elasticity tends to be low, a social housing …