Real Estate and Urban Development in South America


Book Description

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.




Real Estate in Central America, Mexico and the Caribbean


Book Description

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.




Implementing Value Capture in Latin America


Book Description

The report examines a variety of specific instruments and applications in municipalities throughout the region under three categories: property taxation and betterment contributions; exactions and other direct negotiations for charges for building rights or the transfer of development rights; and large-scale approaches such as development of public land through privatization or acquisition, land readjustment, and public auctions of bonds for purchasing building rights. It concludes with a summary of lessons learned and recommends steps that can be taken in three spheres: Learn from Implementation Experiences Increase Knowledge about Theory and Practice Promote Greater Public Understanding and Participation




The Mystery of Capital


Book Description

A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist) "The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.




Making Land Legible


Book Description

In Latin America, a territorial cadastre is a public registry that manages information relating to parcels of land. As an institution, the cadastre is common in many countries, although it does not exist in the United States. The cadastre plays a key role in urban planning and property valuation in Latin America. An increasing number of jurisdictions in Latin America have begun to move from the orthodox cadastre model imported from Europe to the multipurpose cadastre (MPC) model. An MPC is based on a partnership of stakeholders committed to generating extensive, detailed, and up-to-date information about a city. In addition to legal, economic, and physical characteristics contained in the orthodox cadastre, an MPC also shares alphanumeric data, maps, and human and financial resources. In recent years, conditions in many countries of Latin America have favored the implementation of MPCs at reasonable cost. This report describes the past, present, and potential future role of cadastres as a land policy tool in Latin America. It describes how national, regional, and local jurisdictions across Latin America have used updated orthodox and/or multipurpose cadastres to strengthen urban financing and inform planning decisions. The following set of practices and policies will facilitate the implementation of an MPC. Assess and utilize existing data. Use existing technology to the fullest, and explore free software alternatives. Coordinate actions and databases with the greatest number of partners possible. Incorporate data on informal settlements in cadastre maps and characterize the parcels in the alphanumeric database.




Global Universities and Urban Development: Case Studies and Analysis


Book Description

The editors of "The University as Urban Developer" now extend that work's groundbreaking analysis of the university's important role in the growth and development of the American city to the global view. Linking the fields of urban development, higher education, and urban design, "Global Universities and Urban Development" covers universities and communities around the world, including Germany, Korea, Scotland, Japan, Mexico, South Africa, Finland - 13 countries in all.The book features contributions from noted urban scholars, campus planners and architects, and university administrators from all the countries represented. They provide a wide-angled perspective of the issues and practices that comprise university real estate development around the globe. A concluding chapter by the editors offers practical evaluations of the many cases and identifies best practices in the field.




Urban Planning and Real Estate Development


Book Description

This book is a comprehensive treatment of the twin processes of planning and development and is the only book to bring the two fields together in a single text.




The Rise of the Community Builders


Book Description

This is a reprint of a 1987 book * It is to be hand scanned, so as not to destroy the text or cover, and returned to Beard Books. The book deals with the evolution of real estate development in the United States, focusing on the rise of planned communities common in the American suburbs since the 1940s.




Pricing and Sustainability of Urban Real Estate


Book Description

Urban sustainability has become a political and social agenda of global significance, of which real estate is an integral dimension. Sustainable urban development includes much more than ‘green building’ standards, yet in practice, other aspects such land use plans and locations are often overlooked. This book demonstrates that the issue of sustainable development stretches far beyond the hitherto dominating agenda based on ‘green’ (i.e. environmentally and ecologically sustainable) buildings. In doing so, it presents a novel framework based on the concept of economic sustainability of real estate locations, drawing connections with the global financial crisis and housing price bubble discourse. It argues for the need to better integrate social, cultural and economic dimensions into the real estate sustainability agenda. It also explores the role of location, and especially the image aspect therein. Trends in consumer choice are important to the way these dimensions are appreciated in decisions about investment, development, valuation and other activities of the production, consumption and governance of the built environment. This book will be of interest to private and public sector practitioners of real estate valuation as well as scholars of urban studies, geography, economics, urban planning and environmental studies.




Urban Policy in Latin America


Book Description

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.