Re-semantization of the central areas of brazilian cities and the residential real estate market: the case of Recife (Brazil)

Authors

DOI:

https://doi.org/10.1590/2236-9996.2020-4911

Keywords:

central areas, historic city centers, residential real estate market

Abstract

In the 1990s, the low growth rates of the Brazilian economy, along with the country’s insertion in the globalized world, had repercussions on the historic centers of large cities, since local governments were driven to invest in these areas in order to attract private companies. Due to this, private capital has returned to these centers, which has led to the revaluation of their respective surroundings by means of housing real estate developments. In view of this dynamics, this paper aims to identify the implications of the return of investments in historic centers for the real estate market of old housing units and for the market of new dwellings in their surroundings, responsible for the creation of new spatialities that are poorly articulated to the old ones. Our object of study is the central area of the city of Recife.

Author Biographies

Norma Lacerda, Universidade Federal de Pernambuco

Professora do Departamento de Arquitetura e Urbanismo e do Programa de Pós-Gradução em Desenvolvimento Urbano

Iana Ludermir Bernardino, Universidade Federal de Pernambuco

Professora de Planejamento Urbano e Regional do Departamento de Arquitetura e Urbanismo

Published

2020-08-26

How to Cite

Lacerda, N., & Bernardino, I. L. (2020). Re-semantization of the central areas of brazilian cities and the residential real estate market: the case of Recife (Brazil). Cadernos Metrópole, 22(49), 913–934. https://doi.org/10.1590/2236-9996.2020-4911