TY - BOOK ID - 136723326 TI - Guyana: Housing Market and Implications for Macroprudential Policies PY - 2020 SN - 1513529528 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Guyana KW - Infrastructure KW - Real Estate KW - Industries: Financial Services KW - General Economics: General KW - History of Thought: Macroeconomics KW - Financial Economics KW - Financial Markets and the Macroeconomy KW - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General KW - Financial Institutions and Services: General KW - Housing Supply and Markets KW - Economic Development: Urban, Rural, Regional, and Transportation Analysis KW - Housing KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Real Estate Markets, Spatial Production Analysis, and Firm Location: General KW - Property & real estate KW - Macroeconomics KW - Finance KW - Housing prices KW - Real estate prices KW - Loans KW - Prices KW - National accounts KW - Financial institutions KW - Saving and investment UR - https://www.unicat.be/uniCat?func=search&query=sysid:136723326 AB - Guyana’s residential real estate prices have been rising, particularly in the capital city Georgetown, following the discovery of oil in 2015. In line with the growing demand for housing, commercial banks’ housing loans have increased, prompting higher household debt. This paper presents two analyses which suggest that housing prices in Georgetown and banks’ lending to the housing sector appear to be in their early stages of growth. However, given the data limitations and caveats that underpin the analyses, the findings could also indicate early signals of possible risks. Further data collection would support surveillance and deeper studies. At the same time, enhancing prudential measures would help safeguard financial and macroeconomic stability. These include strengthening the monitoring of the housing market, bank lending practices and household debt, as well as fortifying the macroprudential framework, including with more effective toolkits for early intervention. ER -