Residential real estate market and metropolitan residential order in Bogotá
DOI:
https://doi.org/10.4067/S0250-71612012000200004Keywords:
location, real state market, metropolizationAbstract
The increase in metropolitan residential needs has arisen mainly from changing family relationships resulting in an increase in household headships and the ensuing contraction of their average size. Amid the advancement of Í€œdesalarizationÍ€ labor policies in the metropolitan economy, the housing market of new residences in Bogotá has produced an increase in the residential stock that does not cover sufficiently the major challenges presented by urban densification, and by the production of a less segregated metropolitan residential order. The formal marketÍ€™s spatial adjustment is based both on the reduction of residential areas for low-income households, and their peripheral location, which implies an increase in overcrowding and transportation costs for their members.
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Copyright (c) 2012 Revista EURE - Revista de Estudios Urbano Regionales
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