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Residential Land Price Changes in Mexican Cities and the Affordability of Land for Low-income Groups

Author

Listed:
  • Peter Ward

    (Peter Ward is Professor in the Department of Sociology and in the LBJ School of Public Affairs, the University of Texas at Austin, Drawer Y)

  • Edith Jimenez

    (Institute de Estudios Económicos y Regionales. Universidad de Guadalajara, Mexico)

  • Gareth Jones

    (Department of Geography, University of Swansea, UK)

Abstract

This research demonstrates that the price of residential land in Mexico declined significantly in real terms during the 1980s. Land prices appear to follow a cyclical trend which tracks Mexico's macro-economic performance. Data derived from advertised plot prices in newspapers, and from a large sample of household interviews conducted in low-income settlements in three intermediate-sized Mexican cities, suggest that, for the poor, real wage levels are the key determinant of changing affordability. The erosion of real wages has led to some decline in affordability, but this has largely been offset by multiple-earning strategies within households through which purchasing power may be maintained.

Suggested Citation

  • Peter Ward & Edith Jimenez & Gareth Jones, 1993. "Residential Land Price Changes in Mexican Cities and the Affordability of Land for Low-income Groups," Urban Studies, Urban Studies Journal Limited, vol. 30(9), pages 1521-1542, November.
    • Handle: RePEc:sae:urbstu:v:30:y:1993:i:9:p:1521-1542
    DOI: 10.1080/00420989320081481
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    References listed on IDEAS

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    1. P M Ward, 1993. "The Latin American Inner City: Differences of Degree or of Kind?," Environment and Planning A, , vol. 25(8), pages 1131-1160, August.
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