The Financialization of Latin American Real Estate Markets: A Research Companion

The Financialization of Latin American Real Estate Markets: A Research Companion provides an authoritative overview of the real estate asset class in Latin America with chapters covering Mexico, Brazil, Argentina, Colombia, Nicaragua and Chile. The focus is on the current academic research and its relevance for practical applications and is divided into four key themes: real estate-related wealth and macroeconomics, housing price dynamics and affordability, financial crises and structural change, and non-residential real estate. The contributors cover the institutional context for real estate investment, the main players in real estate investment finance in Latin America, real estate appraisal and performance measurement, and real estate portfolios and risk management. The purpose of this book is to provide an informed overview of urban economics theory applied to financial real estate markets and capital investments practices. This analysis primarily focuses on the financial mechanisms using debt, mortgages, and equity positions to operate these markets. The regional focus on Latin America reflects on the way in which cities follow similar patterns in the design of Housing policies and programs, the mechanisms to produce infrastructures and the growing disparities that the allocation of large investments is producing among its citizens. Real estate represents an increasingly significant global asset class and investors and researchers must understand its distinctive characteristics in the region. Providing a comprehensive reference for students, academics and professionals studying, researching and working in real estate investment, finance and economics, this cutting-edge volume will pave the way for future research.

Alfonso Valenzuela-Aguilera is Professor of Urban Planning at the State University of Morelos and John Bousfield Distinguished Visiting Professor in Planning at the University of Toronto. He also works as a planning analyst/consultant and advises to various citizen boards and councils.

Luis Alberto Salinas-Arreortua is Professor of Geography at the Institute of Geographic Research, Universidad Nacional Autónoma de México. He teaches geography and urbanism and has published widely on gentrification, housing policy, and urban management.

José Gasca Zamora is Professor of Geography at the Institute of Economic Research, Universidad Nacional Autónoma de México. He teaches regional development, management of local and regional development, and analysis of territorial and regional public policies.