Real Estate and Urban Development in South America uncovers how investors are navigating South American real estate markets in commercial, residential and infrastructure development. A preferred location for real estate development during the colonial era, in recent decades South America has been seen as high-risk for global real estate investors. This book explores the strengths and weaknesses of real estate markets in the region, concluding that with careful implementation of the correct development strategies, the region can once again take its place at the centre stage of global real estate investment. Comparing the economics and market maturity of South American countries in turn, the authors draw out the particular contexts in which investors and developers operate in mature and emerging markets. Bridging the gap between theory and practice, analysis of local development policies, legislation, valuation methods and taxation is supplemented with case studies from key players in the region’s major cities. The first full overview of real estate markets in South America, this book will be an essential guide for investors, policy makers, academics and students with an interest in this this rapidly evolving region.

By the dawn of the 21st century, more than half of the world's population was living in urban areas. This volume explores the implications of this unprecedented expansion in the world's most urbanized region, Latin America, exploring the new urban reality, and the consequences for both Latin America and the rest of the developing world.

This book highlights current concepts of Social Urbanism, the contemporary set of multiple and interdisciplinary urban studies that have emerged mainly from the complex realities of Latin American cities. The discussion that follows places special emphasis on public land policy and the innovative urban instruments developed in that region to promote social and territorial inclusion. Critical reflections throughout the pages of this book shed light into the local context of each case-study in order to understand their specific set of challenges and opportunities. Relevant lessons are extracted from the three cities here analyzed, the medium-scale city of Medellin, the large-scale city of Bogota, and the megacity of Sao Paulo, as well as from local innovative experiences in Argentina and Uruguay. These cities underwent promising transformation processes over two decades, applying planning and financing instruments of land policy which have produced significant shifts in the urban development paradigm in the region. The quest for social inclusion has emerged as the common denominator in these cities, awakening growing interest across several fields of urban studies, from public policies and city management to urban law, city financing, urban development, and innovative community participation processes. The book brings implications on urban land policy for transition cities in the Global South. The question of social inclusion in Global South cities is however far from being solved; the analysis presented in this book shows advances and hope, besides a long path still ahead, which can only be faced through a continuous and challenging incremental process. May this book be an incremental step.

This book examines real estate markets and urban development in Central America, Mexico and The Caribbean (CAMEC). It considers both residential and commercial real estate with a focus on industrial and hospitality sectors, infrastructure and logistics. The CAMEC region is besieged by complexity. Prone to natural disasters, and with the Mexico/US border constituting the largest human migration corridor on Earth, the region is also a vital trading hub for goods, linking commerce between the world’s two largest oceans and the Americas. The real estate markets in this area are dynamic, rapidly developing and under researched. This book analyses the particularities of these markets and the context in which investors and developers operate. The authors present case studies and contributions from key players in major cities in the region. The book exposes the regional risks and opportunities connected to urban development including market transparency, urban equity and development regulation. The research presented in this volume gives the reader a comprehensive picture of each country under study, detailing their individual commercial, residential, industrial, leisure and infrastructure sectors. This is essential reading for international investors, real estate students, researchers, and professionals with an interest in the region.

This book examines real estate markets and urban development in Central America, Mexico and The Caribbean (CAMEC). It considers both residential and commercial real estate with a focus on industrial and hospitality sectors, infrastructure and logistics. The CAMEC region is besieged by complexity. Prone to natural disasters, and with the Mexico/US border constituting the largest human migration corridor on Earth, the region is also a vital trading hub for goods, linking commerce between the world’s two largest oceans and the Americas. The real estate markets in this area are dynamic, rapidly developing and under researched. This book analyses the particularities of these markets and the context in which investors and developers operate. The authors present case studies and contributions from key players in major cities in the region. The book exposes the regional risks and opportunities connected to urban development including market transparency, urban equity and development regulation. The research presented in this volume gives the reader a comprehensive picture of each country under study, detailing their individual commercial, residential, industrial, leisure and infrastructure sectors. This is essential reading for international investors, real estate students, researchers, and professionals with an interest in the region.

The Financialization of Latin American Real Estate Markets: New Frontiers introduces the fundamental principles of urban economics, housing, and large-scale real estate development in Latin America and equips aspiring investors and developers with the foundations for success in a unique, dynamic region. Using case studies from the Americas, this textbook provides a framework for assessing the economic, technological, social, and political forces that shape urban space, helping readers understand the aims and risks of real estate investment. Chapters on economic theory, novel financial instruments, and the regulatory environment connect real-world practice to the latest scholarly conversations in urban planning, real estate finance and development, and regional studies. Informed by the author’s extensive experience as an academic and practitioner throughout the region, this distinctive resource sheds light on the relationship between financial capital and urban form, and places Latin American cities at the center of the urban economy debate. Features: Provides a thorough introduction to the mechanics of real estate markets, grounding spatial and economic theories with practical examples of the tools used to finance urban development in Latin America Centers around case studies from Mexico, Brazil, Chile, Panama, Argentina, and Colombia—some of the region’s most dynamic markets Presents financial instruments such as mortgage-backed securities, collateralized debt obligations, credit default swaps, and real estate investment trusts in a global context Examines State policies and programs for housing and infrastructure in Latin America, demonstrating regional patterns and new perspectives Covers real estate finance from housing to megaprojects, exploring recent trends in infrastructure, commercial centers, and tourism with an eye toward sustainable financing practices for the future Suitable for graduate and upper-level undergraduate students of real estate, urban planning, and Latin American studies, The Financialization of Latin American Real Estate Markets: New Frontiers also serves as essential reading for professionals in international real estate finance and development.

This book evaluates the impact of 20 years of urban policies in six Latin American countries: Argentina, Brazil, Chile, Colombia, Ecuador and Mexico. It argues that evaluating the fulfillment of past commitments is essential for framing and meeting the new commitments that were taken in Habitat III over the next 20 years. Taken as a whole, the book provides a critical assessment of the economic, social and environmental consequences of urban interventions during Habitat II. The country-level chapters have been written by recognized experts in urban issues, with first-hand knowledge of the Habitat process, and deep familiarity with the problems, statistics, actors and political contexts of their nations. The latter part of the volume considers wider topics such as the Habitat Commitment Index, the New Urban Agenda and the regional and global-scale lessons that can be extracted from this group of countries. Urban Policy in Latin America will be of interest to advanced students, researchers and policymakers across development economics, urban studies and Latin American studies.