El impacto del crédito inmobiliario y las remesas en el precio del suelo en Quito, Ecuador, en el período 2008-2022

Abstract

Abstract: This study analyzes the evolution of urban land prices in the Metropolitan District of Quito between 2008 and 2022, with the aim of understanding the influence of mortgage credit and remittances on land value appreciation. During this period, the city experienced sustained growth in the real estate market, accompanied by increased financing and regulatory changes, which drove up land values and affected access to housing. The study is based on the premise that land prices depend not only on location or urban regulations, but also on financial factors. The expansion of credit increases purchasing power and real estate demand, while remittances raise household income, influencing both land and housing markets. An econometric analysis is conducted using data from Quito s AIVAs, incorporating variables such as credit, remittances, unemployment, population, and international interest rates. The results show that credit has a positive and significant effect on land prices, with spatial differences, while remittances have a more moderate impact. The study concludes that land value appreciation is closely linked to financial factors, which should therefore be incorporated into urban planning and land management policies.