Rent-seeking middle classes and the short-term rental business in inner-city Lima/ (Record no. 13441)
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100 ## - MAIN ENTRY--PERSONAL NAME | |
Personal name | Castillo, Mirtha Lorena del |
245 ## - TITLE STATEMENT | |
Title | Rent-seeking middle classes and the short-term rental business in inner-city Lima/ |
Statement of responsibility | Mirtha Lorena del Castillo |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Name of publisher, distributor, etc | Sage, |
Date of publication, distribution, etc | 2020. |
300 ## - PHYSICAL DESCRIPTION | |
Pages | Vol 57, issue 12, 2020: (2547–2563 p.) |
520 ## - SUMMARY, ETC. | |
Summary, etc | 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 configuration of Lima’s central districts. This paper presents the results of a case study of Barranco, a central and emblematic district of Lima that underwent an intense real estate boom. In our assessment, we connect the recent touristification and gentrification debates to develop a new pattern of Latin American gentrification. We argue that Barranco’s consolidation as a tourist destination, along with the relaxation of local construction policies, has led to the development of one-bedroom apartments in high-rise condominiums destined mainly to be rented out to tourists and other types of floating population. This urban restructuring model has created new business opportunities for what we call a rent-seeking middle class, keen to invest in real estate as an alternative means to increase their income. By way of discussion, we argue that the case of Barranco exemplifies a new trend in Latin American gentrification which is not characterised by an influx of the urban middle class into central areas, nor by a massive physical displacement of lower-income residents, but by the growing purchasing power of a wealthier middle-class group investing in the short-term rental business in combination with other enabling factors. |
700 ## - Added Entry Personal Name | |
Added Entry Personal Name | Klaufus, Christien |
773 0# - HOST ITEM ENTRY | |
Host Biblionumber | 8843 |
Host Itemnumber | 16581 |
Place, publisher, and date of publication | London Sage Publications Ltd. 1964 |
Title | Urban studies |
International Standard Serial Number | 0042-0980 |
856 ## - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | https://doi.org/10.1177/0042098019881351 |
942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
Koha item type | Articles |
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700 ## - Added Entry Personal Name | |
-- | 54261 |
942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
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No items available.