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Do High-Rise Apartment Condos Equally Revalue The Neighboring Housing? An Analysis Of —U—Oa, Santiago De Chile

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  • Carlos Marmolejo Duarte
  • Esteban Skarmeta Cornejo
  • Carlos Aguirre Núñez

Abstract

Many studies have analyzed the market premium enjoyed by houses located within gated communities; nevertheless little or no attention has been paid on the impact that such a sort of development produces on the surrounding housing market. This question becomes very important in the cities in which gated communities or other common interest communities, aimed to medium and high socioeconomic groups, are traditionally confined to low incomes enclaves. Salcedo & Torres (2004) and Caceres & Sabatini (2004), from a qualitative perspective, have suggested that this social proximity produces various benefits like improvement of value expectations of land from the original settlers, among others.

Suggested Citation

  • Carlos Marmolejo Duarte & Esteban Skarmeta Cornejo & Carlos Aguirre Núñez, 2010. "Do High-Rise Apartment Condos Equally Revalue The Neighboring Housing? An Analysis Of —U—Oa, Santiago De Chile," ERES eres2010_092, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2010_092
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2010-092
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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