News - IDB Study: Rentals Could Help Alleviate Housing Deficit in Latin America and the Caribbean
Washington, DC (PRWEB) April 08, 2014 -- Governments traditionally have promoted ownership of newly built homes as a solution to the housing shortage in Latin America and the Caribbean. But a revealing new study highlights the key role rentals play in urban areas and their potential for serving the needs of a broad variety of growing population groups.
According to Rental Housing Wanted, a new report by the Inter-American Development Bank (IDB), 1 in 5 Latin American households, or roughly 30 million families, are renters. This proportion has been on the rise since the 1990s in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Nicaragua, Peru, and Uruguay. Nevertheless, there is a large stock of unoccupied homes that could help ease the regional housing crunch.
Follow the conversation on Urban Development and Housing in our blog in Spanish Urbe & Orbe http://blogs.iadb.org/urbeyorbe/ or in Twitter @BID_Urbano.
Mildred Rivera, Inter-American Development Bank, http://www.iadb.org, +1 (202) 623-2319, [email protected]
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