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    Determinantes del mercado de vivienda de interés social. Un caso de estudio para Medellín y su Área Metropolitana
    (Universidad EAFIT, 2023) Hincapié Acosta, Juan Sebastián; García Cruz, Gustavo Adolfo; García Rendón, John Jairo
    This study estimates the effect of the subsidies given for the purchase of housing to families in the municipalities over the years, the characteristics of the public housing projects, the price per square meter offered per project and the multidimensional poverty index per block on the number of square meters offered by construction companies in public housing projects located in Medellín and its Metropolitan Area. We find evidence of the importance of housing subsidies for construction companies and how the availability of land can generate incentives for the construction of social interest projects compared to sites with low availability. The results show that for the total of the Metropolitan Area of the Aburrá Valley the delivery of subsidies for the purchase of housing has positive effects on the amount of square meters offered by construction companies, finding that a 1% increase in the subsidies delivered for the purchase of housing is related to a 0.017% increase in the square meters offered by construction companies. 017% in the square meters offered, likewise an increase of 1% in the price per meter is associated with 0.45% more square meters offered and finally it is found that the increase of one bedroom is associated with an increase of 1.57% in the square meters offered by construction companies, however, thanks to the estimation of the polynomial square of the bedrooms it is observed that there are decreasing marginal returns finding an optimal amount of between 2 and 3 bedrooms for units in the public housing projects.