Gentrification in Santiago, Chile: a property-led process of dispossession and exclusion

  title={Gentrification in Santiago, Chile: a property-led process of dispossession and exclusion},
  author={Ernesto L{\'o}pez-Morales},
  journal={Urban Geography},
  pages={1109 - 1131}
ABSTRACT Between 2000 and 2012, the Santa Isabel area of the Santiago-Centro comuna (municipal district) saw increasing capital concentration in middle-income-oriented, new-build real estate. Whilst large developers devised several ways to pay low land prices to original owner-residents, the average sale price of new apartments rose, reducing the amount of housing options in the area by at least 50% for original low-income residents—a form of exclusionary displacement. In parallel, state… 
A Multidimensional Approach to Urban Entrepreneurialism, Financialization, and Gentrification in the High-Rise Residential Market of Inner Santiago, Chile
Abstract In 1975, private and social housing production in Chile started to become increasingly privatized, in parallel with capital switching into the secondary circuit due to severe
Housing Prices in Unregulated Markets: Study On Verticalised Dwellings in Santiago De Chile
Chile faces a serious crisis on housing affordability given that most of the population is unable to secure a house. While housing prices between 2008 increased by 70.96%, wages only increased by
Rent-seeking middle classes and the short-term rental business in inner-city Lima
Between 2007 and 2017, Lima experienced an unprecedented growth of the construction sector and an increase in high-rise condominiums. Urban land as a strategic resource has altered the spatial
Housing Prices in Unregulated Markets: Study on Verticalised Dwellings in Santiago de Chile
Chile faces a housing affordability crisis, given that most of the population is unable to secure a house. While housing prices between 2008 and 2019 increased by 63.96%, wages only increased by
Barranco for sale: Narratives, Strategies and Impacts of a New Spatialization in Lima’s Central Districts
Over the past ten years Lima has experienced an unprecedented growth of the construction sector paired with an increase of high-rise condominiums. Urban land has become a strategic resource altering
Gentrification and the creation and formation of rent gaps
This contribution intervenes in the debate about gentrification theory's applicability to contexts outside the Global North, specifically responding to the work of [Ghertner, D. Asher. 2014. ‘India’s
Gentrification effects on housing prices in neighbouring areas
Purpose This study aims to measure the occurrence of gentrification and to relate gentrification with housing values. Design/methodology/approach The authors have used Getis-Ord statistics to
Mercado del suelo urbano y reserva financiera de terrenos para producción de vivienda en el Área Metropolitana de Santiago
The urban land in Chile has been transformed into an investment tool and even a financial asset. The present work provides evidence on the high participation of financial institu- tions in Santiago
Gentrification in Latin America: some notes on unity in diversity
ABSTRACTVarious spatial practices have been subsumed under the label “gentrification,” inadvertently often giving two false impressions: first, that the displacement of low-income residents in the


Neoliberalismo, regulación ad-hoc de suelo y gentrificación: el historial de la renovación urbana del sector Santa Isabel, Santiago
During the 2000s the sector of Avenida Santa Isabel, located within the municipality of Santiago in Santiago, Chile, was emblematic in Chile as it experiences one of the greatest increases in
Gentrification by Ground Rent Dispossession: The Shadows Cast by Large-Scale Urban Renewal in Santiago de Chile.
The rent gap theory, a consistent explanation of gentrification in inner-city spaces, sees a growing disparity between capitalized ground rent (CGR) and potential ground rent (PGR) as a catalyst for
Real Estate market, state-entrepreneurialism and urban policy in the 'gentrification by ground rent dispossession' of Santiago de Chile
This paper claims the existence of a particular form of gentrification by ground rent dispossession in Chile, a consequence of a unique mix of entrepreneurial strategies linked to large-scale urban
Residential Redevelopment and the Entrepreneurial Local State: The Implications of Beijing’s Shifting Emphasis on Urban Redevelopment Policies
The entrepreneurial nature of local government activities has significantly influenced socioeconomic and spatial changes in urban China. It is against this backdrop that property-led redevelopment
Efectos de la renovación urbana sobre la calidad de vida y perspectivas de relocalización residencial de habitantes centrales y pericentrales del Área Metropolitana del Gran Santiago
Based on a survey with 746 original households residents in six urban renewal areas in the heights of Santiago, Chile, the perceptions are quantified (mainly negative) of the effects of the high-rise
Toward a Theory of Gentrification A Back to the City Movement by Capital, not People
Abstract Consumer sovereignty hypotheses dominate explanations of gentrification but data on the number of suburbanites returning to the city casts doubt on this hypothesis. In fact, gentrification
The changing state of gentrification
Gentrification has changed in ways that are related to larger economic and political restructuring. Among these changes is the return of heavy state intervention in the process. This paper explores
New-Build ‘Gentrification’ and London's Riverside Renaissance
In a recent conference paper Lambert and Boddy (2002) questioned whether new-build residential developments in UK city centres were examples of gentrification. They concluded that this stretched the
Place, Exclusion and Mortgage Markets
Just as in society, the mortgage market may exclude people on the basis of place, as well as race. Place-based exclusion in the mortgage market often takes the form of "redlining," a tacit agreement