Housing Tenure and Housing Demand in Colombia

Arbeláez, María A.; Steiner, Roberto; Becerra, Alejandro; Wills, Daniel

doi:10.2139/ssrn.1961902

Cited by 11 publications

(15 citation statements)

References 16 publications

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“…Accordingly, “[e]vidence-based research,” such as the contribution made with this case study, “is needed to support policies and design processes for affordable and quality housing solutions” (Kowaltowski et al , 2019, p. 716; Hall and Vidén, 2005) The subsequent analysis of this complex and contemporary case provides a “valuable reference” similar to research on other housing and urban development policies in both national and local contexts (Shaw, 1997, p. 199). The research is particularly relevant as other mass housing initiatives have progressively ameliorated their respective processes with better outcomes (Arbeláez et al , 2011; Chiang et al , 2006). The research moreover helps improve understanding on mass housing and its merits toward resolving quantitative housing deficit issues (Mayer and Somerville, 1996).…”

Section: Case Study Methodsmentioning

confidence: 99%

The Two Million Housing Drive in Korea

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2019

IJHMA

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Purpose Emerging states confront staggering shortages in adequate housing stock. In response, governments have sought various supply-based solutions to mitigate growing housing deficits. While many of these mass housing efforts have not produced the desired outcome, the Republic of Korea’s Two Million Housing Drive (TMHD) was a comparatively successful intervention with its implementation from 1988 to 1992. The five-year initiative exceeded its objective with the construction of over 2.1 million units – of which two-thirds were built by the private sector. The purpose of this study is to analyse Korea’s relatively effective supply-based affordable housing approach and then extrapolate best practices and lessons learned with applications for real estate markets in the developing world. Comparative understanding of the TMHD can help promote greater access to adequate housing in the developing world, especially for the many who continue to live in impoverished conditions. Design/methodology/approach The research uses content-based and quantitative methods to analyze the case of the TMHD in Korea toward informing improvements in corresponding supply-based housing policies and programs in developing states. Findings While there were challenges with the TMHD, the program repositioned Korea’s urban housing market with greater access to affordable housing in cities for the lower-income and vulnerable. The TMHD enabled the subsequent effectiveness of demand-based housing policies. Research limitations/implications There are research limitations in fully understanding the complex relationships between mass housing programs, economic growth and government policies. The abductive reasoning used in this case study enables in-depth analysis of the TMHD with generalizable inferences for middle-range theories with applications for emerging markets. Practical implications The experience of the TMHD can promote policy harmonization by helping optimize corresponding mass housing efforts in the developing world with the potential to similarly close quantitative housing deficits and expand access to adequate housing for lower-income and vulnerable households. Social implications Deeper understanding of the TMHD can lead to reforms of other mass housing initiatives in emerging markets to make adequate housing more accessible and economical for the benefit of underserved segments of society. Originality/value The Korean experience with the TMHD can inform the optimization of other similar large-scale policies and programs seeking to sustainably overcome shortfalls in adequate housing that have become all too common in the developing world.

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Section: Case Study Methodsmentioning

confidence: 99%

The Two Million Housing Drive in Korea

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2019

IJHMA

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“…A partir de este puntaje, las características de los inmuebles y la división geográfica de los inmuebles a partir de las Unidades de Planeación Zonal del distrito, se construyó un modelo SAR que permitió analizar de manera más precisa las contribuciones espaciales y de características al precio de las observaciones. Otro documento que utilizó una metodología de precios hedónicos para el mercado local fue el de Arbeláez et al (2011), en el que se busca encontrar los determinantes para la compra o renta de vivienda en Colombia a partir de una función de demanda hallada a través de una regresión hedónica sin E.E, que incorporó características de los inmuebles y de los demandantes.…”

Section: Gráfico 1: Triangulación De Delaunayunclassified

Modelos hedónicos con efectos espaciales: una aproximación al cálculo de índices de precios de vivienda para Bogotá

Cabrera-Rodríguez¹,

Mariño-Montaña²,

Quicazán-Moreno³

2019

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“…In Colombia, subsidence occurs in major cities and causes structural damage to buildings and infrastructure. The land subsidence in Colombia was classified as the fourth risk in building the Formal Housing Index (FHI; Arbeláez et al, 2011). Bogotá is the largest and most populous city and has a high concentration of natural hazards.…”

Section: Land Subsidence In the Sabana De Bogotámentioning

confidence: 99%

Chapter 16

SGC¹

2019

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Bogotá, the capital city of Colombia, is the largest and most populous urban center in the country. Established in a moderate seismic zone, its complex topography facilitates the occurrence of landslides and floods. The city has been subject to a massive migration process in recent years, which has generated the accelerated urbanization of the city and increased its vulnerability to various natural hazards. Bogotá is located within the Sabana de Bogotá, a tectonic-sedimentary basin consolidated after the uplifting of the northern Andes approximately 5 Ma. With TerraSAR-X radar images, a quantitative analysis of the subsidence in the Sabana de Bogotá was carried out using the interferometric synthetic aperture radar technique for the city of Bogotá. The obtained results allowed establishing subsidence values in the central region of the city on the order of 3.3 cm/y. It is important to note that the BOGT GPS Continuously Operating Reference Station, which is part of a global network, indicates a decreasing value in its vertical component on the order of 3.5 ± 0.09 cm/y.

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Housing Tenure and Housing Demand in Colombia

Cited by 11 publications

References 16 publications

The Two Million Housing Drive in Korea

The Two Million Housing Drive in Korea

Modelos hedónicos con efectos espaciales: una aproximación al cálculo de índices de precios de vivienda para Bogotá

Chapter 16

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